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KatRina [158]
2 years ago
5

The summarized balance sheets of Wildhorse Company and Blossom Company as of December 31, 2021 are as follows: Wildhorse Company

Balance Sheet December 31, 2021 Assets $2850000 Liabilities $390000 Capital stock 1400000 Retained earnings 1060000 Total equities $2850000 Blossom Company Balance Sheet December 31, 2021 Assets $2160000 Liabilities $500000 Capital stock 1330000 Retained earnings 330000 Total equities $2160000 If Wildhorse Company acquired a 20% interest in Blossom Company on December 31, 2021 for $520000 and the equity method of accounting for the investment were used, the amount of the debit to Equity Investments (Blossom) would have been $432000. $266000. $520000. $332000.
Business
1 answer:
-Dominant- [34]2 years ago
4 0

Answer:

$520,000

Explanation:

Under the fair value method of accounting, the investment is recorded at cost paid to acquire such investment. So, the Debit to Equity Investments (Blossom) would have been $520,000

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Answer:

Dividend Policy at Georia Industries Inc.

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The most important dates for dividends at Georia are the declaration date, The holder-of-record date, and the payment date.  The declaration date is the date that the company's directors decide to announce that dividend will be paid to stockholders of record.   The holder-of-record date is the date that a stockholders will know if he or she will receive dividend for that period, because only holders of record are paid dividends.  If a stockholder's share is not registered before that date, then the stockholder is not entitled to dividends.  The last date is, of course, the payment date.  However, in accounting for the dividend transaction, only two dates are important: the declaration date and the payment date.

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descriptive research

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