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larisa [96]
3 years ago
7

Larkin Co. has owned 25% of the common stock of Devon Co. for a number of years, and has the ability to exercise significant inf

luence over Devon. The following information relates to Larkin's investment in Devon during the most recent year:Carrying amount of Larkin's investment in Devon at the beginning of the year $200,000Net income of Devon for the year 600,000Total dividends paid to Devon's stockholders during the year 400,000What is the carrying amount of Larkin's investment in Devon at year end?A. $100,000B. $200,000C. $250,000D. $350,000
Business
1 answer:
andrew11 [14]3 years ago
6 0

Answer:

C) $250,000

Explanation:

Larkin's investment in Devon at the end of the year = carrying amount at the beginning of the year + Larkin's share of Devon's income - Larkin's share of Devon's dividends

= $200,000 + ($600,000 x 25%) - ($400,000 x 25%)

= $200,000 + $150,000 - $100,000 = $250,000

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You were recently hired by RLM Inc. It is your job to prepare reports and analyze financial information related to the company.
Alex73 [517]

Answer:

d. management

Explanation:

Based on the job tasks described within the question it seems that you were recently hired as a management accountant. This role focuses on (like mentioned in the question) preparing reports and analyzing as much financial information as possible in order to best inform yourself, so that you can help you make the best and most strategic decisions for the organization. Which seems to by why RLM Inc. has hired you.

I hope this answered your question. If you have any more questions feel free to ask away at Brainly.

4 0
3 years ago
At her job of grooming horses, Polly Yaskovich worked 8 hours a day on Monday and Tuesday earning $67 each day. On Wednesday, sh
PSYCHO15rus [73]

Answer:

Your answer is that she needs to earn $148 on Friday

Explanation:

Calculate Average:

(67 + 82 + 78) / 4 = 56.75    (Remember 67 is worth Monday and Tuesday)

We know that the number that the 4 numbers add up to has to be divisible by 5 because our we need to average 75 and we have 5 days to average on.

5 x 75 = 375

67 + 82 + 78 = 227

375 - 227 = 148

(67+82+78+148) / 5 = 75

Your answer is that she needs to earn $148 on Friday

3 0
3 years ago
what are checkable deposits? multiple choice question. claims that depositors have against the assets of the bank claims that th
aliina [53]

Checkable deposit claims that depositors have against the assets of the bank. Thus, option 'A' is the correct option.

<h3>What are Checkable Deposits?</h3>

Any demand deposit account for which checks or drafts of any sort may be drawn is referred to as having checkable deposits in the technical sense. (The owner of a demand deposit account has the right to immediately, notice fewer withdrawals of funds.) The most liquid accounts available to consumers are checkable deposit accounts.

They also include any sort of negotiable draft, such as a Super NOW account or a negotiable order of withdrawal (NOW). (Withdrawing funds from NOW accounts may be subject to a seven-day written notification requirement, however, this is seldom necessary.)

Learn more about Checkable Deposits, here:

brainly.com/question/13083761

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7 0
1 year ago
Which of the following transactions will REDUCE your checking account balance immediately?
tino4ka555 [31]

Answer:

the answer B

Explanation:

using your debit card to pay groceries at the supermarket

8 0
3 years ago
The prices for all kinds of fish sold in Eastville's downtown Old Market are much lower than the prices charged at uptown seafoo
Anton [14]

Answer:

The most correct answer is D

6 0
3 years ago
Read 2 more answers
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