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Umnica [9.8K]
3 years ago
7

On January 2, Cohan Company acquired 37% of the outstanding stock of Sanger Company for $715,500. For the year ended December 31

, Sanger Company earned income of $108,700 and paid dividends of $26,400.
Prepare the entries for Cohan Company for the purchase of the stock, the share of Sanger income, and the dividends received from Sanger Company. Refer to the Chart of Accounts for the exact wording of account titles.
Business
1 answer:
anzhelika [568]3 years ago
5 0

Answer:

Explanation:

check the file attached for solution i hope it helps

Download docx
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When Christopher ask questions and nods his head after their responses. He is exhibiting the active style of listening.

<h3>What is active listening?</h3>

Active listening is a type of listening where the listener give rapt attention to the person <em>speaking</em> including the guestures.

The individual also ask questions to confirm all that his learning.

Therefore, When Christopher ask questions and nods his head after their responses. He is exhibiting the active style of listening

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brainly.com/question/3185541

5 0
2 years ago
Exercise 118 The information shown below is taken from the accounts of Waverly Corporation for the year ended December 31, 2017.
devlian [24]

Answer:

Explanation:

The preparation of the Cash Flows from Operating Activities—Indirect Method is shown below:

Cash flow from Operating activities - Indirect method

Net income $314,000

Adjustment made:

Add : Depreciation expense $55,000

Add:  Amortization of patent $12,000

Less: Gain on sale of building -$15,000

Add: Loss on sale of land $5,000

Add: Decrease in accounts receivable $23,000

Add: Increase in short-term notes payable $8,000

Add: Decrease in inventory $27,000

Less: Decrease in accounts payable -15,000

Total of Adjustments $100,000

Net Cash flow from Operating activities              $414,000

Cash flow from Investing activities  

Sale of building $85,000

Less: Purchase of equipment -$185,000

Sale of land $40,000

Less: Purchase of delivery van -$33,000

Net Cash flow from Investing activities -$93,000

Cash flow from Financing activities  

Proceeds from issuance of common stock $103,000

Less: Payment of cash dividends -$24,000

Less: Payment of mortgage -$75,000

Net Cash flow from Financing activities $4,000

Net Cash flow from Operating activities $414,000

Net Cash flow from Investing activities -$93,000

Net Cash flow from Financing activities $4,000

Net increase (decrease) in cash for the year is $325,000

Add: Cash at beginning of year $205,000

Ending cash balance $530,000

5 0
3 years ago
A relatively new clothing company has decided to invest significant amounts of money to sponsor an athletics team. They will be
Vanyuwa [196]
The correct answer is = Brand awareness
6 0
3 years ago
Read 2 more answers
Corporation was organized on January 1, 2021. The firm was authorized to issue 100,000 shares of $5 par common stock. During 202
Brrunno [24]

Answer:

Total stochkholders' equity = $266,220

Explanation:

Total stockholders' equity

10,400 x $5.80 = $60,320

19,600 x $9.30 = $182,280

Net income (retained earnigns) = $106,000

Paid cash dividends = -$53,000

Purhcase of treasury stocks = -2,600 x $11.30 = -$29,380

Total stochkholders' equity = $266,220

7 0
3 years ago
One important purpose of a brand is to sell advertising space. minimize product line depth needed to be effective. increase cons
galina1969 [7]

Answer:

Increase consumer recognition and awareness of product offerings.

Explanation:

It is difficult to stand out in the market if you don't have a specific identity. Marketing a range of products through a brand helps increase recognition. There are tons of companies that sell chocolate, but Hershey's is the most recognizable and has helped all their various products stand out simply by being associated with the name Hershey's.

6 0
3 years ago
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