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jarptica [38.1K]
3 years ago
12

On january 2, 20x3, kean company purchased a 30 percent interest in pod company for $250,000. Pod reported net income of $100,00

0 for 20x3 and declared and paid a dividend of $10,000. Kean accounts for this investment using the equity method. In its december 31, 20x3, balance sheet, what amount should kean report as its investment in pod?
Business
1 answer:
Annette [7]3 years ago
7 0

Answer:$277,000 should be reported by Kean.

Explanation:

Amount of investment Kean should report = Original cost of investment + share of net income of investors -share of investors dividend.

But ,

share of net income of investors = 30% of net income reported by Pod

= 30 % x $100,000= $30,000

share of investors dividend=  30% of dividend declared by Pod company

= 30 % x 10,000 = $3000

Therefore,

Amount of investment Kean should report = $250,000 + $30,000 - $3,000

=$277,000

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The nation with the largest percentage of publically held land is
RideAnS [48]
The nation with the largest percentage of publicly held land is United state of America. These lands are usually set aside for different purposes such as parks, refuge camps, forests, historical places, etc.
6 0
3 years ago
A new client of the member firm has just opened a margin account. After account approval, the client's initial trade is an order
Aleks04 [339]

Answer:

$2,000

Explanation:

Data provided in the question

Number of shares purchased = 100 shares

Price of common stock = $25

Given percentage = 50%

Based on the above information, there is no borrowing taken place in a margin account because there is a minimum requirement to maintain $2,000 in equity and when the purchase is made lower than $2,000 so it is important to pay the amount in full and the deposits are important when it is made more than $2,000 in the case when the trade is more than $4,000

7 0
3 years ago
In the context of the different techniques used by an inference engine to manipulate a series of rules, _____ refers to a series
Volgvan

In the context of the different techniques used by an inference engine to manipulate a series of rules, <u>forward chaining</u> refers to a series of "if-then-else" condition pairs.

<h3>What is an inference engine? </h3>

An inference engine is a part of the system that applies logical rules to the knowledge base to deduce new information. The first inference engines were components of expert systems.

Therefore, the correct answer is forward chaining.

learn more about forward chaining: brainly.com/question/15303791

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4 0
2 years ago
Robusta Coffee Importers sold 6 comma 000 units in October at a sales price of $ 35 per unit. The variable cost is $ 15 per unit
yanalaym [24]

Answer:

Operating Income= $110,000

Explanation:

Giving the following information:

Robusta Coffee Importers sold 6,000 units in October at a sales price of $35 per unit. The variable cost is $ 15 per unit. The monthly fixed costs are $10,000.

The operating income is the difference between the contribution margin and the fixed costs:

Contribution margin= selling price - unitary variable cost

Operating income= Total contribution margin - fixed costs

OI= 6,000*(35 - 15) - 10,000= $110,000

7 0
3 years ago
Orioles Company bought Special Products Division in 2017 and appropriately recorded $741,000 of goodwill related to the purchase
goldfiish [28.3K]

Answer:

No goodwill impairment should be recognized by Orioles in 2018

Explanation:

Data provided in the question:

Goodwill related to the purchase = $741,000

Fair value of Special Products Division = $5,600,000

Goodwill existing on December 31, 2018 = $595,000

Now,

Here, the fair value of division including the goodwill i.e $5,600,000 is lower than the fair value of division excluding the goodwill i.e $595,000

Hence,

There will be impairment loss

Hence,

No goodwill impairment should be recognized by Orioles in 2018

4 0
3 years ago
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