Vipul k Don't upload any image please Tik Corp. accounts for its 35% investment in Tok Corp. using the equity method of accounting. The investment was made on January 2, 2023, at acost of $450,000. During 2023, Tok Corporation reported $100,000 of income and paid $40,000 in dividends. After making all appropriate entries.what will be the balance in Tik's s investment in Tok Corporation common shares account?Enter a number only. Do not use +.., $ or commas

Company can make investments in common shares of another company. It is called equity investment.…

Answered: Tik Corp. accounts for its 35%…

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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Ch1 Question 2: A long-text entry will be truncated if the cell to the right is in use. Answer: A. True B. False Question 1: Which of these is true about using Undo? Answer: A. It can only be used in certain circumstances. B. Previous actions can be undone in any order. C. The Redo command must be used before the Undo command is available. D. The user must be aware of those commands that cannot be undone, as Excel will not provide any indication of these.
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The return of defective merchandise decreases the amount of receivables from the customer. * True O False Back Next Page 3 of 10 Never submit passwords through Google Forms This form was created inside of Leb Report Abuse
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HELP PLEASE ASAP. THANK YOU. TAXATIONCouple/Vloggers Nicanor and Inday formed their YouTuube Channel “Ja-Mell”. Due to their fanbase of over 12 Million subscribers, they were able to monetize the millions of views on their content from Google LLC which owns YouTube. They recently deleted their YT account in view of the purported RMC issued by the BIR taxing social media influencers. Which is FALSE assuming they are separately paid by YT? Group of answer choices Ja-Mell is liable to business tax depending on whether they breached the VAT threshold Ja-Mell is required to register with the BIR because they are considered as in practice of their profession Ja-Mell can claim as business expenses/deductions the filming expenses and other expenses related to their “vlogging” Ja-Mell is not required to register with the BIR even if they earn money if vlogging is a hobby only and not intended for profit
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