Ziegler Corporation purchased 25,000 ordinary shares of Sherman Corporation for P40 per share on January 2, 2015. Sherman Corporation had 100,000 ordinary shares outstanding during 2016, paid cash dividends of P60,000 during 2016, and reported net income of P200,000 for 2016. Ziegler Corporation should report revenue from investment for 2016 in the amount of     P15,000 P35,000 P50,000

Q: For 2018, Sabil Corporation earned net income of $480,000 and paid dividends of $18,000. At January…

A: A journal entry is a form of accounting entry that is used to report a business transaction in a…

Q: P Corporation paid $140,000 for a 70% interest in S Inc. on January 1, 2014, when S had Capital…

A: Equity method is an accounting technique of recording the financial transactions related to…

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: Handley Ltd. acquired 42% of the common shares of Lecce Ltd. on January 1, 2024, by paying $5.68…

A: Financial statement:The financial statement is the statement or the record that is prepared by the…

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

A: Given Information:

Q: On January 4, 2024, Runyan Bakery paid $344 million for 10 million shares of Lavery Labeling Company…

A: The equity method of accounting is used to account for one organization's investment in another…

Q: Concord Corporation had net sales of $2,429,400 and interest revenue of $34,300 during 2025.…

A: The income statement is a financial report that shows the revenues, expenses, and the profit or loss…

Q: n January 1, 2014, The Miller Corporation purchased 300,000 shares of The Mayfair Corporation for…

A: Formula: Total dividends = Dividend per share x Total number of shares outstanding.

Q: Waterway Corporation had wt ncoe of $200000 nd pd didends to common tclders of $25000 2017. the…

A: Dividend means the amount given to shareholder of the company as profit distribution by company.…

Q: The following events are for Toronto Investment Inc.: 2023 Jan. 14 Purchased 18,520 shares of Quatro…

A: Double-entry bookkeeping, a method for organising and methodically recording financial transactions,…

Q: The following events are for Toronto Investment Inc.: 2023 Jan. 14 Purchased 18, 200 shares of…

A: Three golden rules are:Debit what comes in, Credit what goes out (Real Accounts Rule): This rule…

Q: Riftwalker Company was incorporated on January 1, 2015 with proceeds from issuance of P7.500,000 in…

A:

Q: On February 18, 2016, Union Corporation purchased 10,000 shares of IBM common stock as a long-term…

A: 1.

Q: (Equity Investment) On July 1, 2017, Selig Company purchased for cash 30% of the outstanding common…

A:

Q: Riftwalker Company was incorporated on January 1, 2015 with proceeds from issuance of P7,500,000 in…

A: SOLUTION-   NET PROFIT = SALES - EXPENSES.                      = 8200000-6400000…

Q: Instrument Corporation has the following investment which was held throughout 2021–2022. Assume the…

A: Investment in Equity A company's investment in the company stock of another business is referred to…

Q: On January 1 2013, Ahmed Company purchased 90,000 of the 100,000 outstanding shares of common stock…

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: On January 2, 2019, SurfCity Co. purchased 15,000 shares of Topsail, Inc. for $20 per share. The…

A: Unrealized gain or loss represents the change in the market value of the investment. For equity…

Q: Gorgeous Enterprise Limited is a listed company on the Jamaica Stock Exchange. Its market…

A: The earnings per share (EPS) and dividend per share (DPS)can be computed by using following formula:

Q: were declared on January 5 payable to shareholders as of February 10. MEOW Company shares were split…

A: Initial carrying value of investment on the date of acquisition is the investment cost 10,000…

Q: classified as trading investment. During the year, the entity sold 20,00 share. On December 31,…

A: Solution: During 2013, G Company Purchased 80,000 shares @ P60 per Share. therefore,  Total Cost…

Q: Company R pays $170,000 for a 30% interest in Company E on January 1, 2015. Company E’s total…

A: Business combination:   Business combination refers to the combining of one or more business…

Q: Gangnamn Inc owns 50% of Ps

A: An income statement is one of the financial statements which have to be prepared by the company at…

Q: On December 31, 2017, Alexander Company had $1,200,000 of short-term debt in the form of notes…

A: Liability: Liability is an agreement made by a company to pay a certain amount for the goods or…

Q: On January 1, 2013, K Company purchased a 30 % interest in P Company for $250,000. P reported net…

A: The investor gets the share in investees profits as per the proportionate share.

Q: The following data will be used to answer Questions 5-8. It will be repeated in each question. It is…

A: GAAP pre-tax income refers to the profit or earnings reported by a company before accounting for…

Q: On January 4, 2024, Runyan Bakery paid $334 million for 10 million shares of Lavery Labeling Company…

A: The equity method of accounting is used to account for one organization's investment in another…

Q: At December 31, 2016, the financial statements of Hollingsworth Industries included the following:…

A:

Q: Boxer Company owned 20,000 shares of King Company that were purchased in 2016 for $500,000. On May…

A: Retained Earnings is the accumulated amount of earnings that a business entity has after it has paid…

Q: 2. Calculate the carrying value per share of Heritage's investment as reflected in the investment…

A: If an investor holds at least 20 percent of the voting power of an investee, the investor is…

Q: On May 1, 2020, Clarke Inc. acquired 1,250 shares of Mayson Ltd. for $75,000. This investment…

A: Acquisition refers to owning a significant part of shares in another company. It does not mean the…

Q: On January 4, 2016, Runyan Bakery paid $324 million for 10 million shares of Lavery Labeling Company…

A: 1.Prepare all appropriate journal entries related to the investment during 2016, assuming Runyan…

Q: Marigold Corporation had net sales of $2,400,900 and interest revenue of $37,400 during 2020.…

A: Income statement: It tells the net profit / ( loss ) of the company in a particular period  All the…

Q: Prepare the journal entries for an investment accounted for under the equity method. a. On January…

A: The journal entries record the daily transactions of the business.

Q: On January 1, 2021, VDM Company paid P1,200,000 for 40,000 ordinary shares of Apple Corp., which…

A: Share in profit = Net profit of Apple x holding % = 640000 x 25% = P160,000

Q: Adams Industries holds 40,000 shares of FedEx common stock. On December 31, 2015, and December 31,…

A:

Q: equity method to account for its investment, the balance in the investment account on December 31,…

A: Equity method accounts for balance in investment account by taking into consideration both net…

Q: During 2012 Logic Company purchased 4,000 shares of Midi, Inc. for P30 per share. The investment was…

A: In this question, Logic company has purchased 4000 shares at P30/share of Midi Inc during 2012 out…

Q: On January 1, 2017, Vancouver Corporation paid $400,000 to purchase 40% of the outstanding voting…

A: Prepare all journal entries for 2017 and 2018 relating to Vancouver Corporation's investment in…

Q: During 2021 Carla Vista Company purchased 10700 shares of Kingbird Inc. for $37 per share. During…

A: Purchased 10700 shares @$37 per share Sold 2850 shares @$42 per share Market price at 31 December…

Q: Hanson Corporation purchases a 10% interest in Novic Company on January 1, 2016, and an additional…

A: Hey there since you have posted multiple questions, we can answer only first question. please…

Q: The following information relates to Crip Crippy Investment of HIJ Corporation. (1). Purchase…

A: The equity method does not record dividends as income but rather as a return on investment and…

Q: Prepare journal entries to record the transactions assuming:  a.) The securities are classified as…

A: Journal entry: Journal entry is the book of original entry where first transactions are recorded in…

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.