1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
umka21 [38]
3 years ago
9

Parker owned all of Odom Inc. Although the Investment in Odom Inc. account had a balance of $834,000, the subsidiary's 12,000 sh

ares had an underlying book value of only $56 per share. On January 1, 2018, Odom issued 3,000 new shares to the public for $70 per share. How does this transaction affect the Investment in Odom Inc. account
Business
1 answer:
Lorico [155]3 years ago
3 0

Answer:

$128,400

Explanation:

Account balance $ 834,000,

Subsidiary's 12,000 at $56 per share. Odom Issued 3,000 at $70 per share

$ 56 X 12,000 = $672,000

$ 672,000+ $70 X 3,000 = $ 882,000

$ 882,000 X .80 = $ 705,600

$ 705,600 – $ 834,000 Investment Account Balance = $128,400

Therefore Reduction in Investment Account is $128,400

The Transaction affect the Investment in Odom inc account because their is reduction in the investment Account from $834,000 to $128,400

You might be interested in
Name the written test a potential driver must pass and list the minimum required score to earn a learner’s license.
emmasim [6.3K]

In order to obtain a learners permit, teen drivers are required to pass a written test. Typically they will prepare for this exam by completing a drivers education course. Though not a requirement in all states, drivers ed is the easiest way to be thoroughly prepared for the complicated driving laws and scenarios you’ll face on the permit exam. Once you pass your permit test and earn a permit, there may still be certain restrictions attached to this provisional license — such as requiring a licensed driver over a certain age to be seated in the passenger seat, limiting your driving to daylight hours, and other state-mandated rules.<span>

General United States Permit Requirements

While each state has its own set of guidelines, in general, teens between 14 and 18 years of age can start the drivers education and learners permit process. Once a teen driver has obtained a learners permit, there are additional state-specific requirements they must meet before they can apply for their drivers license.

<span>Before obtaining a learners permit in any state, a teenager is required to pass a driving knowledge test. Drivers education is the best way for a teen to prepare for this exam, whether the state requires it or not. In some cases, passing a drivers ed final exam can substitute for the written exam. No matter how the test is taken, students must pass with at least a 70% or higher, depending on that state’s minimum. Once he or she passes, a teen driver will be issued a learners permit. Some states require teen drivers to have a permit for a minimum of 6 months before they can take their drivers license exam.</span></span>

4 0
3 years ago
Positive Messages and the Writing Process
SIZIF [17.4K]

Answer: See explanation

Explanation:

1a. Sales pitches, requests for favors: In this case, persuasive message should be used to convince the receiver to agree with the sender's viewpoint.

b. Replies, goodwill messages, direct claims: The positive message should be used as the main idea can be communicated directly before any other supporting information are provided.

c. Bad news, refusals: This scenario involves a negative messages and should therefore be written in an indirect manner. It should also be noted that a supporting message us given before the main message us written.

2. According to the 3-x-3 writing process, the actions that make up Gilberto next steps include

a. Make a list of points to cover.

d. Collect information.

e. Compose the first draft.

3. Messages delivered through business letters are less likely to reach (unintended recipients) than messages delivered through (email). Thus, business letters are more (confidential).

7 0
3 years ago
Which of the following practices should be discouraged during the problem-solving process?
7nadin3 [17]
The answer is D

the reason why:
4 0
3 years ago
Read 2 more answers
“All cheques are bills but all bills are not cheque” –Explain
aleksklad [387]

All cheques are bills but all bills are not cheque.

This is correct statement because both cheque and bill are piece of paper which displays money which is to be paid to someone.

A bill is a document which is drawn on any person and there is no name on the bill whereas cheque is a document which is drawn on the payee name only.

Both of these are documents which are used to pay the amount to someone.

A cheque can be drawn payable on demand while bill is drawn on expiry of certain period.

Learn more at brainly.com/question/24469524

7 0
2 years ago
On a production possibilities curve, a change from economic inefficiency to economic efficiency is obtained by a) movement along
galina1969 [7]

Answer:

c) movement from a point inside the curve to a point on the curve.

Explanation:

Option C is correct because the production possibilities curve shows the combination of goods produced by the economy efficiently and any point inside the curve shows the inefficiency of the economy while the point outside the curve shows that the economy can not achieve it. Therefore, change in economic inefficiency to efficiency leads to move point from inside to the point on the curve.

6 0
3 years ago
Other questions:
  • You are considering replacing your aging propane furnace for a natural gas model. The propane model originally cost $2,200, will
    15·1 answer
  • A small manufacturer that makes clothespins and other household products buys new injection molding equipment for a cost of $500
    11·1 answer
  • True or False: It’s usually a good idea for firms to try to appeal to all potential buyers in a market, because customer variety
    8·1 answer
  • Why does Maureen Riehl state that internet retailers have an "unfair price advantage" when they don't collect sales tax from out
    5·1 answer
  • Tamara's Truck Rental rents small "box" trucks to college students to move items from their parent's home to a campus apartment.
    9·1 answer
  • Three challenges that bricks construction may encounter when trying to implement their corporate social investment plan in the l
    13·1 answer
  • Which answer is true?
    6·2 answers
  • Simon lost $5,000 gambling this year on a trip to Las Vegas. In addition, he paid $2,000 to his broker for managing his $200,000
    7·1 answer
  • What do you think makes us free​
    6·1 answer
  • The national organization for women (now), the american civil liberties union (aclu), and the national right to life committee a
    5·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!