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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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If a seller facing excess demand is unable to raise the price of the good due to a price ceiling, a likely result will be:
Anuta_ua [19.1K]

A likely result will be a decrease in the quality of a product.

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A price ceiling is a legal maximum rate that one will pay for some good or carrier. A government imposes rate ceilings as a good way to preserve the price of some necessary precise or services low-cost. as an example, in 2005 at some stage after Hurricane Katrina, the price of bottled water expanded above $five according to the gallon.

A rate ceiling continues a fee from growing above a sure level (the “ceiling”), even as a fee ground continues a rate from falling underneath a given degree (the “ground”). This phase uses the call for and delivers a framework to research price ceilings. the following section discusses rate flooring.

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3 0
2 years ago
Both transportation and assignment problems are members of a category of lp problems called?
kogti [31]

Both transportation and assignment problems are members of a category of lp problems called network flow problems

<h3>What is  network flow problems?</h3>

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A company, for example, may want to ship packages from Los Angeles to New York City by using trucks to transport between intermediate cities. If the route connecting two cities only has one truck and each truck has a maximum load, the graph describing the transportation options will be a flow network.

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3 0
2 years ago
In the early days of the game industry, nearly all games were developed by designers, for designers. More specifically, what age
suter [353]

Based on historical perspective, the age range of the early game designers is between <u>40 to 60years old.</u><u> </u>Also, the gender for which the games were being designed is <u>male</u>.

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The history of game designs can be traced to William Higinbotham, a Physicist who created the first video game in 1958 at the age of 48 years.

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6 0
2 years ago
In the current year, Borden Corporation had sales of $2,190,000 and cost of goods sold of $1,295,000. Borden expects returns in
NNADVOKAT [17]

Answer:

The entries are as follows

To record estimated returns on Sales

Debit: Sales Refund Payable Account $131,400

Credit: Accounts Receivables $131,400

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Credit: Inventory on Sales on Returns $77,700

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3 0
3 years ago
Which of the following should be shown on a statement of cash flows under the financing activity section? Group of answer choice
Viktor [21]

Answer: a decrease in accounts payable

             

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5 0
3 years ago
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