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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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which of the following would be a duty of an instructional teacher aide ? A . Care for sick children and clean floors . B . Moni
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b. monitor small groups of students, teach (under supervision) and do clerical work

Among the choices above, one of the duties of an instructional teacher aide is to monitor small groups of students, teach with supervision and do clerical work. The main job of an instructional teacher aide is more related to instruction or one that clearly assists in the curriculum inside the classroom. Aside from doing clerical works, an instructional teacher aide also works as a tutor for students. As an instructional teacher aide, it is important that you know what the students are doing that is why it is advised that you roam around the classroom while students are performing their tasks.
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3 years ago
Lincoln Corporation, a U.S. corporation, owns 50% of the stock of a controlled foreign corporation (CFC). At the beginning of th
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Answer:

$300,000

Explanation:

Calculation to determine How much current taxable income must Lincoln report as a result of its ownership of the CFC

Using this formula

Taxable income=Subpart F income * Ownership percentage

Let plug in the formula

Taxable income=$600,000*50%

Taxable income=$300,000

Therefore The amount of current taxable income that Lincoln must report as a result of its ownership of the CFC is $300,000

7 0
2 years ago
Stanley likes using fountain pens. When he came across a new series of fountain pens manufactured by Dilloit Pens, he eagerly bo
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Answer: (C) Perceived value

Explanation:

 The perceived value is the term which is basically refers to the marketing terminology in which the users or the consumers evaluates the products and the services ability so that it meets their specific requirement and the needs.

According to the question, Stanley is basically purchasing the pen based on the perceived value based on his expectations. It is also helps in analyzing the actual quality of the given products by comparing with the other brands.

  Therefore, Perceived value is the correct answer.

6 0
3 years ago
From the following statements, select the one that describes the effect of dividends on equity.
Firdavs [7]

Answer: d) Dividends cause equity to decrease.

Explanation:

Dividends are payments to shareholders as a way of sharing the profit that the company made with its owners. Net profit is added to the Equity of company.

In other words, dividends cause equity to decrease because they are taken from Retained Earnings (net income) which are added to Equity. By reducing the amount of Retained earnings available therefore, dividends are reducing Equity.

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3 years ago
suppose that due to unfavorable growing conditions, this year’s global coffee crop was unusually small. what can we assume about
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The short-run price elasticity of demand will be inelastic and the short-run price elasticity of supply will be inelastic.

Elasticity of demand measures the relationship that exists between price and quantity demanded.

Elasticity of supply measures how quantity supplied changes when there is a change in the price of a good.

<u><em>Types of elasticity.</em></u>

  1. Elastic demand (supply): This means that demand (supply) is sensitive to price changes
  2. Inelastic demand (supply): this means that demand (supply) does not respond to price changes. The coefficient of elasticity is less than one.
  3. Unit elastic demand (supply): demand (supply) changes in equal proportion. The coefficient of elasticity is equal to one.

<em><u>Factors that affect elasticity </u></em>

  1. The number of substitutes the good has: the more substitutes the good has, the more elastic demand is.  
  2. The length of time: demand (supply) is inelastic in the short run. In the short run, producers (consumers) do not have enough time to find suitable substitutes.  In the long run, producers would have more time to search for suitable substitutes or shift to the production of other goods when compared with the short-run.
  3. Ease of entry or exit into an industry: the more easy it is for firms to enter into an industry, the more elastic supply would be.  

To learn more about elasticity of demand, please check:

7 0
3 years ago
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