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tatiyna
3 years ago
7

93) Jack Corporation purchased a 20% interest in Jill Corporation for $1,500,000 on January 1, 2021. Jack can significantly infl

uence Jill. On December 10, 2021, Jill declared and paid $1 million in dividends. Jill reported a net loss of $6 million for the year. What amount of loss should Jack report in its income statement for 2021 relative to its investment in Jill?
Business
1 answer:
Yanka [14]3 years ago
8 0

Answer:

$1,200,000

Explanation:

Jack Corporation

Carrying value before net loss:

($1,500,000 - (20% x $1,000,000))

=$1,500,000-$200,000

= $1,300,000

Jack's share of net loss recognized in full:

20% x $6,000,000

= $1,200,000

Therefore the amount of loss should Jack report in its income statement for 2021 relative to its investment in Jill will be $1,200,000

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Answer:

$2,880,000

Explanation:

Calculation to determine what Coronado's total stockholders' equity will increase by

Increase in total stockholders' equity =[(48000*45)-(48000 * (60-45))]

Increase in total stockholders' equity =$2,160,000+$720,000

Increase in total stockholders' equity =$2,880,000

Therefore the total stockholders' equity will increase by $2,880,000

4 0
3 years ago
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Goshia [24]

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8 0
3 years ago
The direct income capitalization model employs …………. time horizon: ________
jekas [21]

The direct income capitalization model employs an infinite time horizon.

<h3><u>What is time horizon?</u></h3>
  • A time horizon, sometimes referred to as a planning horizon, is a set point in the future where specific activities will be assessed or taken to have concluded.
  • Assigning such a defined horizon time is important in an accounting, financial, or risk management regime so that alternatives can be assessed for performance over the same time frame.

In the real world, a time horizon is physically impossible. Even though short term horizons like end of day, end of week, and end of month matter in accounting, these horizons are typically used for simple mark to market processes and summing up.

Know more about time horizon with the help of the given link:

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8 0
1 year ago
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Answer:

a. adds $10,000 in bank reserves.

Explanation:

Given that

Reserve requirement is 20%

Now if you want to pay back the loan of $10,000 so here the act of paying back the loan is that the amount of loan i.e. $10,00 would get added to the bank reserves

Therefore as per the given situation, the option a is correct

And, the same is to be considered

Thus, all the other options are incorrect

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3 years ago
Explain the appearance of earthworm in brief​
andrew-mc [135]

Explanation:

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