On January 1, 2018, Green Corporation purchased 30% of the outstanding voting common stock of Gold Company for $300,850. The book value of the acquired shares was $275,400. The excess of cost over book value is attributable to an intangible asset on Gold's books that was undervalued and had a remaining useful life of five years. For the year ended December 31, 2018, Gold reported net income of $125,600 and paid cash dividends of $25,050. What is the carrying value of Green's investment in Gold at December 31, 2018?
Answers (1)
Know the Answer?
Not Sure About the Answer?
Find an answer to your question ✅ “On January 1, 2018, Green Corporation purchased 30% of the outstanding voting common stock of Gold Company for $300,850. The book value of ...” in 📘 Business if you're in doubt about the correctness of the answers or there's no answer, then try to use the smart search and find answers to the similar questions.
Search for Other Answers
You Might be Interested in
Wanda has graduated from community university (cu) and after nine months has failed to find a job. she graduated with a degree in business, and her college was aacsb accredited.
Answers (1)
Last year, your company had sales of $4,800,000 and cash operating expenses of $400,000. The firm received $80,000 in dividend income and paid $50,000 in dividends to its shareholders.
Answers (1)
Where does Romeo see Juliet while he is in capulets garden
Answers (1)
A project cpm has a critical path of bdeg. activity e is assumed to be 6 days. your analysis suggests that there is a 10% probability that activity e will take 4 days, a 50% probability e will take 5 days, a 30% probability activity e will take 6
Answers (1)
In 2015, the global human population was estimated to be 7.3 billion. the global human population growth rate (λ) is 1.011 per year. what is the per capita growth rate, r, for the population?
Answers (1)
New Questions in Business
Charles loves watching downton abbey on his local public tv station, but he never sends any money to support the station during its fundraising drives. economists would call charles afree rider.
Answers (1)
Georgina is the owner of a company called piquant (which means having a pleasantly sharp taste or appetizing flavor).
Answers (1)
Assume that you own a small boutique hotel. In an attempt to raise revenue you reduce your rates by 20 percent. However, your revenue falls. What does this indicate about the demand for your boutique hotel rooms
Answers (1)
Enos Printing Corp. uses a job order cost system. The following data summarize the operations related to the first quarter's production. 1. Materials purchased on account $197,900, and factory wages incurred $93,100. 2.
Answers (1)
Talks-A-Lot, Inc. sells cell phones to customers and expects that 10% of phones sold will be returned for repair under its warranty program. The average repair cost is $75 per phone.
Answers (1)