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
Mice21 [21]
3 years ago
8

Athlon Company acquired 30 percent of the common stock of Opteron Corporation, at underlying book value. For the same year, Opte

ron reported net income of $55,000, which includes an extraordinary gain of 40,000. It did not pay any dividends during the year. By what amount would Athlon's investment in Opteron Corporation increase for the year, if Athlon used the equity method
Business
1 answer:
MatroZZZ [7]3 years ago
8 0

Answer:

$16,500

Explanation:

The computation of increase in investment is shown below:-

Here, if the investor holds 20% or more but less than 50% shares than the dividend paid and income earned by the investee are reported.

Increase in investment = Shares of net income - Share of dividends

= $55,000 × 30% - $0 (Dividend is not paid)

= $16,500

Therefore for computing the increase in investment under equity method we simply applied the above formula.

You might be interested in
How is a change in the quantity demanded illustrated on the demand curve?
mars1129 [50]

Answer:

There is the diagram and some explanations

6 0
3 years ago
loukas is the ceo of a company that makes laundry detergent. even in this very competitive market, loukas acts with ________ to
shepuryov [24]

Loukas acts with social responsibility to take actions that benefit both the interests of society as well as his organization.

  • It is only acting with social responsibility that balances the interests of society with the interests of the laundry detergent organization.

  • Social responsibility involves checking the resources organizational resources, dealing with social issues, and tackling social problems.

Thus, when Loukas acts with social responsibility, it becomes for him to recruit and retain productive employees and achieve profit motives.

Read more about corporate social responsibility at brainly.com/question/20094437

5 0
2 years ago
Helping my 4th grader with semantic map
disa [49]
Hope they did good on the semantic map
5 0
3 years ago
Buerhle Company needs to determine if its indefinite-life intangibles other than goodwill have been impaired and should be reduc
Vera_Pavlovna [14]

Answer:

Option C Not recoverability test but fair value test

Explanation:

The reason is that the standard on impairment IAS 36 Impairment of Assets says that the assets with indefinite life must tested for impairment every accounting year end. The test only includes whether the fair value of the asset has been decreased or not. This test is helpful by asking questions that asks about the decrease in the life of the asset due to a new legislation, the performance of the asset is fallen (oil is less extracted now than before because the oil is not reachable), etc. The standard does not permits to use Recoverability test as it will come later once the company is sure that the asset fair value has been decreased.

8 0
3 years ago
The Single European Act was put in place in an attempt to Multiple Choice convince Great Britain to remain in the EU. determine
Pani-rosa [81]

Answer:

Remove all impediments to the formation of a single market.

Explanation:

The Single European Act was signed in Luxembourg and the Hague in 1986.

The goal fo the Act was to create a single market by 1992 among the members of the European Community.

A single market is an economic bloc when barriers to the transit of goods and services, and to the transit of the factors of production (labor and capital).

8 0
3 years ago
Other questions:
  • Cooley company's stock has a beta of 1.28, the risk-free rate is 2.25%, and the market risk premium is 5.50%. what is the firm's
    11·1 answer
  • Soho Bottling was started in a kitchen in Brooklyn, New York, and makes soft drinks. After going through the various steps in th
    9·1 answer
  • Castle Company provides estimates for its uncollectible accounts. The allowance for uncollectible accounts had a credit balance
    6·1 answer
  • Which two characteristics make business writing different from academic writing?
    15·1 answer
  • On March 9, 2009, the Dow Jones Industrial Average reached a new low at a close of 7,447.50, which was down 98.34 that day. What
    11·1 answer
  • Entrepreneurs are willing to take risks becausea. technology provides a way to sidestep the patent and copyright system.b. the p
    8·1 answer
  • He customers for mountain sports equipment mostly have high disposable incomes. However, imagine that Peter, Thomas, and Wim wan
    5·1 answer
  • A company is trying to decide whether to go ahead with an investment opportunity that costs $90,000. The expected incremental ca
    10·1 answer
  • Paris Summer 20 Company sells small laptops. Based on the information below, calculate the Break even point in sales dollars for
    8·1 answer
  • Employers are concerned with the changing demographics of mothers in the workforce because: Multiple select question. the number
    13·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!