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BaLLatris [955]
4 years ago
11

Milani, inc., acquired 10 percent of seida corporation on january 1, 2017, for $190,000 and appropriately accounted for the inve

stment using the fair-value method. on january 1, 2018, milani purchased an additional 30 percent of seida for $600,000 which resulted in significant influence over seida. on that date, the fair value of seida's common stock was $2,000,000 in total. seida's january 1, 2018 book value equaled $1,850,000, although land was undervalued by $120,000. any additional excess fair value over seida's book value was attributable to a trademark with an 8-year remaining life. during 2018, seida reported income of $300,000 and declared and paid dividends of $110,000. prepare the 2018 journal entries for milani related to its investment in seida. (if no entry is required for a transaction/event, select "no journal entry required" in the first account field.)
Business
1 answer:
Readme [11.4K]4 years ago
7 0
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For a profitable firm, an increase in which one of the following will increase the operating cash flow?
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Employee salaries

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3 years ago
ACME Inc.'s contribution margin ratio is 58% and its fixed monthly expenses are $36,000. Assuming that the fixed monthly expense
Elodia [21]

Answer:

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Explanation:

Given that,

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Therefore, the best estimate of the company's net operating income in a month when sales are $103,000 is $23,740.

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garik1379 [7]

Answer:

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5 0
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matt, a shareholder, can run for director by simply placing his name on the company's proxy statement. True or False?​
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