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
V125BC [204]
3 years ago
5

Winston Corporation owns 25% of the voting stock of Tole Corporation and uses the equity method in recording the investment. Tol

e Corporation reported a $50,000 net loss. Winston Corporation's entry would include a
a. debit to the investment account for $50,000.
b. debit to the cash account for $12,500.
c. debit to the investment account for $12,500.
Business
1 answer:
Usimov [2.4K]3 years ago
5 0

Answer:

c. debit to the investment account for $12,500.

Explanation:

The computation is shown below:

= Net loss reported × owning percentage

= $50,000 × 25%

= $12,500

Simply we multiplied the reported net loss and its owning percentage so that the accurate loss amount can come

Since it is a net loss, so it would be debited to the investment account for $12,500

Hence, all other options are wrong except option c.

You might be interested in
An employer interviews 150 qualified applicants, 100 white and 50 hispanic. if 25 whites are hired, what is the least number of
Tpy6a [65]
The answer is 10 Hispanics. :)
8 0
3 years ago
Jaffe found that stock prices __________ after insiders intensively bought shares and __________ after insiders intensively sold
kiruha [24]

Answer:

c

Explanation:

6 0
3 years ago
When using the book value of equity, the debt to equity ratio for Luther in 2009 is closest to: Group of answer choices 0.43 2.2
Ostrovityanka [42]

Answer:

2.29%

Explanation:

The computation of the debt to equity ratio using book value of equity is as follows;

As we know that

Debt to Equity Ratio = Debt ÷ Equity

where,  

Debt = $239.7 + $10.7 + $39.9    

= $2901.1

And, equity is $126.6

Now    

Debt to Equity Ratio is

= $290.1 ÷ 126.6  

= 2.29%

4 0
3 years ago
The best business writing is purposeful, economical, and ________. a. feelings oriented b. technical c. revenue driven d. audien
alexgriva [62]

Answer: (D) Audience oriented

Explanation:

 The effective business writing is should be economical, audience oriented and also purposeful to the public so that we can easily explain about the main objective of the topic.

The importance of the business writing is that  it helps in providing the strengthening of our organization and also build good communication with the consumers.

The audience oriented is one of the efficient communication with the audience where the speaker use their skills such as content and language for explaining bout the topic purpose in front of audience.

 Therefore, Option (D) is correct.

4 0
3 years ago
Journalize the sales transactions. Explanations are not required. ​(Record debits​ first, then credits. Exclude explanations fro
photoshop1234 [79]

Answer:

cash        20,000 debit

    sales revenue      20,000 credit

COGS        10,000 debit

    inventory          10,000 credit

Explanation:

The sale is a revenue thus credited.

We recieve cash which is an asset. When asset increase we debit.

Then, we must recognize the expense associate with this sale. Also, this decreases our invnetory, we have less assets o we credit inventory account.

7 0
3 years ago
Other questions:
  • Which of the following is not a type of bank
    14·2 answers
  • Most of the property in command economies is owned by who​
    7·1 answer
  • On January 1, 2021, Nantucket Ferry borrowed $14,000,000 cash from BankOne and issued a four-year, $14,000,000, 6% note. Interes
    15·1 answer
  • 1. The purpose of preparing a direct materials budget is to ________. a. allocate the cost of raw materials to production depart
    5·1 answer
  • On January 1, year 1, a company grants 5,000 nonqualified stock options to an employee with a strike price of $3 per option and
    7·1 answer
  • Explain one way an entrepreneur might identify a new business idea
    15·1 answer
  • A not-for-profit firm uses a small convenience sample to gather data on customer reactions. It invites a small group of customer
    5·1 answer
  • Find a current news article (within one week) related to business or technology. Your article can be from a newspaper, the
    13·1 answer
  • Which of the folloiwng is an example of direct finance?
    9·1 answer
  • A convertible bond would let the investor exchange it for:____.
    5·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!