what amount should Noah report as investment in Sabina?

Q: dividends amounting to P960,000 during 2022. How much did Promenade pay for its investment in…

A: Investment refers to those mechanism which is used by the company for the purpose of generating…

Q: On January 2, 2020, Tuao Company purchased 10% of Abulug Company's outstanding ordinary shares for…

A: GIVEN   On January 2, 2020, Tuao Company purchased 10% of Abulug Company's outstanding ordinary…

Q: On January 1, 2021, AB Company purchased 15,000 shares of C Inc. for P25 per share. A total of…

A: Solution: Purchase cost of shares = 15000*P25 + P15,000 = P390,000 Sale value of shares = 5000*P30 =…

Q: balance in Tuao’s investment in Abulug Company

A: Balance of investment in other entity = Cost of investment + (Profit of the other entity *…

Q: On January 1, 2025, Pina Company paid $765000 for 102000 Blossom Company's outstanding common stock,…

A: To determine the value at which Pina Company should report its investment in Blossom Company on its…

Q: On January 2, 2020, Tuao Company purchased 10% of Abulug Company's outstanding ordinary shares for…

A: The investment in shares of another company gets increased by net profit and gets decreased by…

Q: On December 31, 2016, Akron, Inc. purchased 5 Percent of Zip’s Company's common shares on the open…

A: Given Information:

Q: (Use the PFRS for SMEs) On December 31, 2021, Taher Co. acquired 30% of the ordinary shares that…

A: Associate - It is an entity where the investors hold significant interest or influence but it is not…

Q: Miller Corporation acquired 30% of the outstanding common stock of Crowell Corporation for $160,000…

A: The answer is as fallows

Q: Yüksel A.Ş., of which our company had previously purchased and was a 20% shareholder, made a profit…

A: Retained Earning            Dr       30000    To Dividend Payable                          30000…

Q: What is the ending balance of the investment in associate account as of December 31, 2022?

A: On January 2, 2021, Normal Inc. acquired 15% interest in Laco Co. by paying P1,500,000 for 7,500…

Q: Superior Company owns 40% of the outstanding stock of Bernard Company. During 2018, Bernard paid…

A: Investments:   Companies invest in stocks and bonds of other companies or governmental entity to…

Q: Matthew, Inc. owns 30 percent of the outstanding stock of Lindman Company and has the ability to…

A: Workings: Mathew company owns 30% of voting stock in Lindman company. On January 1, 2018 Investment…

Q: Clayton Co. owned 30,000 ordinary shares of Dayton Corporation purchased in 2018 for P540,000. On…

A: Lets understand the basics. A property dividend is a type of dividend that replaces cash or stock…

Q: What amount should Eduardo report as total revenue related to its investment in Letecia Company for…

A: 1. Preference shares have first right to get Dividend.  After that            comes ordinary shares.…

Q: Summersoon Corporation acquired 35% of the outstanding common stock of Flower Corporation for $…

A: When an investor has significant influence over the investee but no actual control over it, they can…

Q: Parrot Company purchased 90% of the outstanding voting shares of Sieger Company at the beginning of…

A: Introduction:- An interim dividend is a dividend paid before a company's annual general meeting and…

Q: The following are independent situations. Situation 1: Ivanhoe Cosmetics acquired 10% of the 215,000…

A: Journal entries are items of writing where you keep track of your thoughts and emotions on a certain…

Q: vidends of $ 50,000. Assuming Ryan uses the equity method, at December 31. Gosling reported net…

A: Lets understand the basics.When one entity has 20%-50% holding of another entity then both are known…

Q: Following are separate financial statements of Michael Company and Aaron Company as of December 31,…

A: a.

Q: On January 2, 2016, Barney Co. acquired all of Dora's ordinary shares for $180,000. On that date,…

A: Accumulated profits are the retained profits which are set aside from the surplus profits to use…

Q: Turner Company owns 40% of the outstanding stock of ICA Company. During the current year, ICA paid a…

A:

Q: Cullumber Company acquired 28% of the outstanding common stock of Grinwold Inc. on January 1, 2020,…

A: The cost method adjust the investment on the basis of fair value of investment.  The equity method…

Q: On March 31, 2024, Chow Brothers, Incorporated, bought 6% of KT Manufacturing's capital stock for…

A: The objective of the question is to prepare the journal entries for the investment made by Chow…

Q: An investor company purchased 180,000 shares of common stock of the investee company on January 2,…

A: If an investor in a firm has considerable control over the company's operations and practices, the…

Q: On 1 July 2022, Kangeroo Ltd acquired all the issued shares of Koala Ltd, paying $60,000 cash and…

A: When a company acquire the shares of  other company partly or fully, it has to prepare the…

Q: North Land Company acquired 30,000 shares of the ordinary share of Shaver Corp. in July 2021. This…

A: As per the business combination standard in IFRS, the dividend income of the company that has…

Q: Problems 19 through 21 should be viewed as independent situations. They are based on the following…

A:

Q: On December 31, 2014, how much should MARIE CORP. carry its investment in CURIE INC.?

A: In case of equity method, the purchase value of investment would be adjusted for share in equity for…

Q: On January 1, 2018, Reese Witherspoon Co. acquired 8,400 of the outstanding 10,000 shares of Elle…

A: Non-Controlling Interest is the value of Investment held by non-controlling Shareholders. It can be…

Q: Agee Corporation acquired a 30% interest in Trent Company on January 1, 2018 for $490,000. At that…

A: In accordance with IAS 28 "If an entity holds 20% or more of the voting power (directly or through…

Q: On Jan. 1, 2023 Apex Company purchases 30,000 shares of the common stock of Cary Industries for…

A: Under equity method of investment, investor company records investment at cost and then the…

Q: Indigo Cosmetics acquired 10% of the 193,000 shares of common stock of Martinez Fashion at a total…

A: Method of recording financial transactions in the book of original entry by debiting and crediting…

Q: , 2022, Wayne Corporation acquired 55,000 common shares of Garth Company for $30 each. At the time,…

A: A journal entry is a basic accounting record that is used to chronologically track financial…

Q: On July 1, 2021, Bird Inc, a private enterprise, acquired 1,250 shares of Duckltd. tot 375, 000.…

A: Introduction: Financial transactions are tracked using journal entries. You enter transaction…

Q: A. Prepare the journal entry(s) on the books of Al- Maha Company to record the purchase of the…

A: a). Journal Entries   Date Particulars Debit Credit Jan 01.2015 Investment in AI-Yasa company…

Q: Following is a list of investments owned by Ivanhoe Ltd., as of the company’s year-end, December 31,…

A: The fair value (FV) method for recording the investment-related transaction made the corporation…

Q: A. On 1 July 2020, Alba Bbd. acquired 30 per cent of the ordinary shares that carry voting rights at…

A: Investment in Equity Method Investment in equity method which are calculated on  cost basis and not…

Q: On July 1, 2018, Tremen Corporation acquired 40% of the shares of Delany Company. Tremen paid…

A: Investment is the amount which is put into some assets or securities to gain some returns in future.…

Q: Cardo co purchases the net assets of allana co by issuing 50000 shares of their 20 par value shares…

A: Cardo co. purchased the net assets of Allana co.  Purchase consideration = 50000 shares of 20 par…

Q: Compute for the reported net income of GHI Company from its own operation, if the net income of ABC…

A:

Consolidation

Consolidation in general examination implies an asset oscillating between well-defined methods of trading status. Consolidation is commonly known as market indecisiveness, which completes when the asset's values move forward or backward the trading structure.