Answer:
The answer is $2,225,000
Explanation:
Cost of acquisition is $1,775,000
Meyer company's share of net income in Gannon corporation:
60% of $1,000,000
0.6 x $1,000,000
= $600,000
Meyer company's share from cash dividend in Gannon corporation
60% of $250,000
0.6 x $250,000
= $150,000
The balance in the equity investment account at December 31, 2021 should be:
$1,775,000 + $600,000 – $150,000
= $2,225,000
Answer:
Try Discord
Explanation:
Discord is an instant messaging app where you can get involved with the community, its free! I hope this helps have a nice day! ;)
Answer:
Amount paid to record is $58,900
Explanation:
In this question, we are asked to state the Journal entry as of March 1.
Please check attachment for tabular explanation
Kindly note that 360 is used as the number of days in a year
Answer:
The correct answer is False.
Explanation:
The manufacture of iron and steel involves a series of complex processes, whereby iron ore is extracted to produce steel products, using coke and limestone. The conversion processes follow the following steps:
(a) coal coke production, and by-product recovery,
(b) mineral preparation (eg, synthesize and form pellets),
(c) iron production,
(d) steel production, and
(e) casting, laminating and finishing.
You can perform these steps in a single installation, or in several completely separate locations. In many developing countries, scrap steel is manufactured in an electric arc furnace. Therefore, steps (a) through (c) may not always be applicable to all steelmaking projects. An alternative way to produce steel is that of direct reduction, using natural gas and hydrogen. The product of this process, spongy iron, becomes a steel arc furnace; then the ingots melt, and for this the non-flat products are produced with one or two laminators. They are called "mini factories".
The advantage offered to Ugar by relocating their production firm is a reduction in the cost of doing business.
<h3 /><h3>What advantage does Ugor gain?</h3>
When Ugor relocated to the country that has a lower production cost, it means that they will spend less to produce their goods and services.
He will also spend less on transporting his goods to his customers. These reduced costs mean that his cost of doing business has reduced.
Find out more on the practice of relocating production at brainly.com/question/1278377.
