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MAXImum [283]
3 years ago
11

On January 1, 2021, Nana Company paid $100,000 for 8,000 shares of Papa Company common stock, which represents 10% ownership. Pa

pa reported net income of $52,000 for the year ended December 31, 2021. The fair value of the Papa stock on that date was $45 per share. What amount will be reported in the balance sheet of Nana Company for the investment in Papa at December 31, 2021
Business
1 answer:
inna [77]3 years ago
7 0

Answer:

$360,000

Explanation:

According to the scenario, computation of given data are as follows,

Nana company bought shares = 8,000

Fair value of share = $45 per share

So, we can calculate the amount to be reported in balance sheet by using following formula,

Amount to be reported in balance sheet = Number of shares bought × Fair value per share

= 8,000 × $45

= $360,000

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Nesterboy [21]

<em>The complete question reads;</em>

When you want to save time recording progress and don't mind slightly less accuracy, which progress reporting approach would you choose?

a. tracking work and remaining work at the task level

b. tracking % complete at the task level

c. tracking work at the assignment level

d. tracking % complete at the assignment level

Answer:

<u>d. tracking % complete at the assignment level</u>

Explanation:

Remember, tracking the percent of completion of the assignment level would be indicating an overview of the entire assignment which may be slightly less accurate compared to the other listed options.

Thus, to save time recording progress this is the best viable option.

5 0
4 years ago
Which factors will most likely affect revenues and profits
Aliun [14]

The factors that will most likely affect revenues and profit include the number of production units, direct costs, and the production per unit.

<h3>What is revenue?</h3>

It should be noted that revenue simply means the income that a company can make based on the sales of a product.

Revenue in accounting refers to the entire amount of money made through the sale of products and services that are essential to the company's core operations. Sales or turnover are other terms used to describe commercial revenue. Some businesses make money from royalties, interest, or other fees.

In this case, the factors that will most likely affect revenues and profit include the number of production units, direct costs, and the production per unit.

Learn more about revenue in:

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6 0
2 years ago
Multiple choice questions!!! (Principles of Business)​
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50) B - Per Capita Income

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3 years ago
Suppose that national income in a country is $300 billion, taxes paid by households is $130 billion, household consumption is $1
zhenek [66]

Answer:

$180 billion

Explanation:

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3 years ago
Lorenzo, who works as a supervisor at Travelus Corp., notices that one of the employees, Maya, takes very long coffee breaks whi
nata0808 [166]

Answer:

From the given information, we can infer that Lorenzo has decided to give Maya a warning.

Explanation:

The warning is the statement which indicates any unpleasant situation which may arise if not taken any precaution. Although it is unpleasant to hear and to contemplate, it gives sufficient time for any situation to be covered up within the time. In the above case, Lorenzo decided to warn Maya about her activity. By doing this he would be able to draw Maya's attention towards her behavior.

5 0
3 years ago
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