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Alecsey [184]
3 years ago
10

During each of the next three years, Silver reported net income of $30,000 and paid dividends of $10,000. On January 1, 20X9, Pl

ate sold 1,500 shares of Silver's $10 par value shares for $60,000 in cash. Plate used the fully adjusted equity method in accounting for its ownership of Silver Company. Based on the preceding information, what was the balance in the investment account reported by Plate on January 1, 20X9, before its sale of shares?
Business
1 answer:
nikdorinn [45]3 years ago
3 0

Answer:

$255,000

Explanation:

If a company acquires shares of another company the investment amount is shown in the balance sheet of the acquirer. When Plate acquired shares of Silver, it reported the investment of $225,000. The Silver reports a profit of $30,000 on January 2019. The amount reflected in the balance sheet of Plate will be $255,000. This is the sum of investment plus the profit reported by the Silver.

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d. leverage

Explanation:

Leverage -

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3 years ago
How can the company that purchased the mine better approach the situation?
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The company that purchased the mine better approach the situation by developing a strategy that include all stakeholders.

In the year 2006, giant of the mining industry Xstrata purchased the Tintaya copper mine in Espinar, Peru. There has been a dispute between the community and the mine over issues including land rights,  pollution,  and social responsibility of the mining company. The previous mine owner had established a good dialogue table with the local community. According to many people , when Xstrata took over, the company did not abide by those arrangements which were made by the previous owner.

That is why if Xstrata wants to make better then it should consider the interest of every stakeholder over there.

To know more about Tintaya copper mine here:

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5 0
1 year ago
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Both unethical collaboration and plagiarism

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It refers to the practice of sharing common answers or words , is referred to as unethical collaboration .

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It refers to the method of copying some other person's work completely , without the legal consult of the person , is referred to as the practice of plagiarism .

Hence , from the given scenario of the question ,

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