Answer:
Howdy Doody show in the 2018 income statement as income from this investment is $24225
Explanation:
given data
purchased = 15%
common stock = $58,000
net income 2018 = $15,000
net income 2019 = $58,000
dividend = $61,500
fair value = $73,000
to find out
How much Howdy Doody show in the 2018 income statement as income from this investment
solution
we know that net income to be reported as income by investment is the sum of income from dividend + unrealised gain
so here
unrealised gain = increase in value of stock that is
= $73,000 - $58,000 = $15000 .............1
and
income from dividend is = 15 % of $61,500
income from dividend = $9225 .................2
now add equation 1 and 2
Howdy doody show in 2018 income statement as income from this investment = Dividend revenue + Unrealized holding gain
income statement = $9225 + $15000
income statement = $24225
Answer:
c) $13,000.
Explanation:
Using the accounting equation;
Assets - liabilities = Owners' equity
Owners' equity is usually made up of the common stock and the retained earnings.
Therefore, given;
Assets = $50,000
Liabilities = $22,000
Owners' equity = $50,000 - $22,000
= $28,000
Owners' equity = Retained earnings + common stock
Retained earnings = $28,000 - $15,000
= $13,000
Amount for retained earnings is $13,000.
Answer:
The answer is c.reported on the balance sheet as a deduction from the cost of the mineral deposit.
Explanation:
Accumulated Depletion Account is the account showing the accumulated depletion expenses relating to the use/exploitation of natural resources since the beginning.
Just like Accumulated Depreciation Account, The Accumulated Depletion Account is a contra-asset account which is reported on the Balance Sheet under the Natural Resources Account; the net effect of the two account shows the net book value of Natural Resources Account.
Thus, c. reported on the balance sheet as a deduction from the cost of the mineral deposit. is the correct choice.
They created efficiencies that streamlined government.
Answer:
- 2004 ⇒ $2,640 million
- 2009 ⇒ $12,540 million
- 2014 ⇒ $18,655 million
Explanation:
2004 balance on services
= Services Credit, (exports) - Services Debit, (imports)
= 38,281 - 35,641
= $2,640 million
2009
= 92,889 - 80,349
= $12,540 million
2014
= 156,252 - 137,597
= $18,655 million
