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
To indicate grouping in access, select _____ as the entry in the total row for the field to be used for grouping
Vinvika [58]
<span>Select the Group By function. This makes it so that records of the same group are placed onto a single record with a column that is added and holds a nested table of the remaining columns. This function also returns a table with records grouped together based on the values in one or more columns.</span>
3 0
3 years ago
What is VAT number?why we need this?
mina [271]

Answer:

what is a vat

Explanation:

7 0
2 years ago
Read 2 more answers
Suppose that in your first year of college you spend $3,700.00 more than you earn. In your second year, your expenses increase a
Artist 52 [7]

The deficit in my third year of college is $600.

Deficit is the amount by which expenditures exceed income. Deficits increases the level of debt because deficit spending has to be funded through borrowing.

Deficit in the third year of college = gap in the third year - gap in the second year

$4,800 -  $4,200 = $600

To learn more, please check: brainly.com/question/1800332

5 0
2 years ago
The process of influencing people to work toward a common goal is.
ra1l [238]

Answer:

Leading/Leadership

Explanation:

Leadership inspires, influences and motivates people to work towards a goal and achieve it.

8 0
1 year ago
A. Draw a production possibilities curve for a hypothetical economy producing capital and consumer goods.
solniwko [45]

Answer:

See the attached and the explanation below.

Explanation:

a.  A production possibility curve (PPC) refers to a curve that displays different combinations of the maximum output of two goods that can be produced from a given or fixed amount of input and technology.  

An example of PPC is figure (A) in the attached document.

b.  When there is a major technical breakthrough in the capital goods industry and the new technology is widely adopted only in this industry, it will make the PPC to rotate outward at the capital good axis only, while consumer good axis will remain the same (see the curve and the arrow in Figure B in the attached). This implies that the break has enabled the economy to produce more of capital goods while consumer goods production level remains the same.

c.  When there is a technological advance in consumer goods production, but not in capital goods production, it will make PPC to rotate outward at the consumer good axis only, while capital good axis will remain the same (see the curve and the arrow in Figure C in the attached). This implies that the break has enabled the economy to produce more of consumer good while capital good production level remains the same.

8 0
3 years ago
Other questions:
  • Which of the following is not considered a credit..
    13·2 answers
  • Why can the owner of a business withdraw assets from that business for personal use?
    6·1 answer
  • _____ lets programmers create Web pages that will update asynchronously while the rest of the Web page continues to be displayed
    11·1 answer
  • Why is adversity is the workplace good fo the business
    6·1 answer
  • Which of the following statements is CORRECT?a. Ethical behavior is not influenced by training and auditing procedures. People a
    10·1 answer
  • g Swifty Corporation, Inc. can produce 100 units of a component part with the following costs: Direct Materials $19000 Direct La
    6·1 answer
  • Job applicants generally face two kinds of interviews: screening interviews and hiring interviews. You will be better prepared i
    13·1 answer
  • Which of the following is a false statement regarding a sole proprietorship?
    9·1 answer
  • feisty children tend to learn to use the toilet with little difficulty, because they are biologically regulated is it true or fa
    13·1 answer
  • How to write a letter to your brother in abroad telling him your plans after senior high school<br>​
    11·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!