1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
dem82 [27]
3 years ago
15

On January 1, 2020, Bonita Corporation purchased 20% of the common stock outstanding of Sandhill Corporation for $265000. During

2020, Sandhill Corporation reported net income of $82000 and paid cash dividends of $43000.
The balance of the Stock Investments—Sandhill account on the books of Bonita Corporation at December 31, 2020 is ______.
Business
1 answer:
trapecia [35]3 years ago
3 0

Answer:

The balance of the Stock Investments—Sandhill account on the books of Bonita Corporation at December 31, 2020 is <u>$272,800 (= $265,000 - $8,600 + $16,400)</u>

Explanation:

the journal entries to record the transactions are:

January 1, 2020, Bonita Corporation purchases 20% of Sandhill Corporation

Dr Investment in Sandhill Corporation 265,000

    Cr Cash 265,000

xx, 2020, Sandhill Corporation distributed $43,000 in cash dividends

Dr Cash 8,600

    Cr Investment in Sandhill Corporation 8,600

yy, 2020, Sandhill Corporation reported net income $82,000

Dr Investment in Sandhill Corporation 16,400

    Cr Revenue on investment in Sandhill Corporation 16,400

You might be interested in
A public debt which is owed to foreigners can be burdensome because: a foreign interest rates are persistently higher than domes
yulyashka [42]
<span>A public debt owed to foreigners can be burdensome because B) payment of interest reduces the volume of goods. This can usually be seen illustrated in the form of a nation lending another nation money. The debt is public because the whole nation takes it on. The lending nation then is lacking in terms of use by the lending nation.</span>
4 0
3 years ago
4. How much higher or lower will net operating income be if the underapplied or overapplied overhead is allocated to Work in Pro
NISA [10]

Answer:

Net operating income will be $ 19630 ( greater ¢ ) if the ( underapplied ¢ J overhead is allocated among work in process, finished goods, and cost of goods sold rather than closed directly to cost of goods sold.

Explanation:

(Round your intermediate calculations and percentage values to 2 decimal places and final answers to the nearest dollar amount. Input the amount as positive value. Omit the "$" sign in your response.)

4 0
2 years ago
Which is a typical job role/career in business information management?
Crank
D. project manager
Explanation:
All of these are potential options for business information management graduates. However, perhaps the most important one is that of project manager. Project management is closely related to business information management. People in this career are able to understand how to use technology to gather data that can help them desing better projects. They are also skilled at transforming this data ito meaningful information. With this information, they are also able to analyze and propose strategies that benefit their companies and projects.
4 0
2 years ago
From 1960 until 2012, the long-run average rate of inflation in the united states was
o-na [289]
The average is about 3 percent I got to say thats good
6 0
3 years ago
Reviewing the Budget
vekshin1

Answer:

For each month we calculate the variance by finding the difference between the Actual numbers and Budget numbers.

Then we indicate if the practice was "Overbudget" or "Underbudget".

If the actual numbers are less than the budget numbers, the budget is we say that the budget is under budget.

If the actual numbers are more than the budget numbers, the budget is we say that the budget is over budget.

Month    Budget   Actual               Variance        Under/ over  

<u>                                                              (Actual -Budget)   Budget </u>

January  23,55,872   17,90,929      -5,64,943      Under Budget

February  26,54,031   28,27,606       1,73,575      Over Budget

March  22,39,980   29,24,180        6,84,200      Over Budget


4 0
3 years ago
Read 2 more answers
Other questions:
  • The pension plan for GL Inc. requires a contribution to the plan administrator equal to 11% of employee salaries. Salaries were
    6·1 answer
  • The profit maximizing behavior of a monopoly is different from that of a perfectly competitive firm in that a monopoly can Quest
    13·1 answer
  • Background Info: Tom finds a second personal loan option. This loan would also require him to repay the principal in one lump su
    13·2 answers
  • Among foragers the status of women declines when they provide most of the food. men and women are equal; there is no gender ineq
    14·1 answer
  • The fares received by taxi drivers working for the City Taxi line are normally distributed with a mean of $12.50 and a standard
    6·1 answer
  • Scot and Vidia, married taxpayers, earn $92,000 in taxable income and $5,000 in interest from an investment in City of Tampa bon
    14·1 answer
  • At December 31, 2017, Mallory, Inc., reported in its balance sheet a net loss of $12 million related to its postretirement benef
    9·1 answer
  • The price elasticity of demand (based on the midpoint formula) when price increases from $10 to $12 is:______
    8·1 answer
  • How do you poop it out
    6·2 answers
  • General Contracting was hired by the city of Rockyville to put in a new road through a mountain pass for $2 million. General Con
    7·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!