EBK EXCELLENCE IN BUSINESS COMMUNICATIO
11th Edition
ISBN: 9780100665934
Author: BOVEE
Publisher: YUZU
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Chapter 7, Problem 7cPYSMFA
Summary Introduction
To Determine:
Identifying three ways in which the podcast can be improved and drafting an email to the podcaster with the suggestions.
Introduction:
Podcasting:
The digital recordings or broadcasts generically a netcast that can be downloaded on computer or mobile device using the internet is called the podcast. The preparation and distribution of these digital audio files using RSS is called podcasting.
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Matthew Incorporated, owns 30 percent of the outstanding stock of Lindman Company and has the ability to significantly influence the
investee's operations and decision making. On January 1, 2024, the balance in the Investment in Lindman account is $335,000.
Amortization associated with this acquisition is $9,000 per year. In 2024, Lindman earns an income of $90,000 and declares cash
dividends of $30,000. Previously, in 2023, Lindman had sold inventory costing $24,000 to Matthew for $40,000. Matthew consumed
all but 25 percent of this merchandise during 2023 and used the rest during 2024. Lindman sold additional inventory costing $28,000
to Matthew for $50,000 in 2024. Matthew did not consume 40 percent of these 2024 purchases from Lindman until 2025.
Required:
a. What amount of equity method income would Matthew recognize in 2024 from its ownership interest in Lindman?
b. What is the equity method balance in the Investment in Lindman account at the end of 2024?
a. Equity income
b.…
Please solve.
Please solve for items circuled in RED. Thank you.
Chapter 7 Solutions
EBK EXCELLENCE IN BUSINESS COMMUNICATIO
Ch. 7 - Prob. 1CACh. 7 - Prob. 2CACh. 7 - Prob. 1LOCCh. 7 - Prob. 2LOCCh. 7 - Prob. 3LOCCh. 7 - Prob. 4LOCCh. 7 - Prob. 5LOCCh. 7 - Prob. 6LOCCh. 7 - Prob. 7LOCCh. 7 - Prob. 8LOC
Ch. 7 - Prob. 9LOCCh. 7 - Prob. 10LOCCh. 7 - Prob. 11LOCCh. 7 - Prob. 12LOCCh. 7 - Prob. 13LOCCh. 7 - Prob. 14LOCCh. 7 - Prob. 15LOCCh. 7 - Prob. 16LOCCh. 7 - Prob. 17LOCCh. 7 - Prob. 18LOCCh. 7 - Prob. 19LOCCh. 7 - Prob. 20LOCCh. 7 - Prob. 21LOCCh. 7 - Prob. 22LOCCh. 7 - Prob. 23LOCCh. 7 - Prob. 7.2AYKCh. 7 - Prob. 7.1AYKCh. 7 - Prob. 7.3AYKCh. 7 - Prob. 7aPYSMFACh. 7 - Prob. 7bPYSMFACh. 7 - Prob. 7cPYSMFACh. 7 - Prob. 7.4ECh. 7 - Prob. 7.5ECh. 7 - Prob. 7.6ECh. 7 - Prob. 7.7ECh. 7 - Prob. 7.8ECh. 7 - Prob. 7.10ECh. 7 - Prob. 7.11ECh. 7 - Prob. 7.12ECh. 7 - Prob. 1EYSCTPCh. 7 - Prob. 1SYCKO
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