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Vinvika [58]
3 years ago
5

On January 2, 2020, Howdy Doody Corporation purchased 18% of Ranger Corporation's common stock for $52,000. Based on its ownersh

ip, Howdy Doody Corp. cannot exert significant influence over the operations of Ranger Corp. Ranger's net income for the years ended December 31, 2020, and December 31, 2021, were $11,000 and $52,000, respectively. During 2020, Ranger declared and paid a dividend of $68,000. On December 31, 2020, the fair value of the Ranger stock owned by Howdy Doody had increased to $74,000. How much should Howdy Doody show in the 2020 income statement as income from this investment
Business
1 answer:
Arlecino [84]3 years ago
8 0

Answer:

The Total amount is shown in the income statement $34,240

Explanation:

The computation of the amount that should be presented in the 2020 income statement is shown below:

Dividend collected by Howdy Doody corporation (18% of $68,000) $12,240

rise in Fair value of Stock credited to the income statement ($74,000 - $52,000) $22,000

The Total amount is shown in the income statement $34,240

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All of the following can change the supply curve EXCEPT: A. the cost of labor. a change in consumer tastes for the product. B. t
ladessa [460]

Answer:

a change in consumer tastes for the product.

Explanation:

A change in consumer taste about a product causes the demand curve and not the supply curve to change.

If the cost of Labour increases, cost of production is higher and supply would fall. The supply curve would shift leftward.

If the cost of Labour falls, cost of production is lower and supply would increase. The supply curve would shift to the right.

If it is expected that price would increase, supply would increase and the supply curve would shift to the right.

If the number of sellers increases, supply would increase and the supply curve would shift to the right.

If the number of sellers decreases, supply would fall and the supply curve would shift to the left.

I hope my answer helps you

4 0
3 years ago
Read 2 more answers
Which of the following is a feature of a credit card ?
Sergio [31]
The answer should be D if not it's A
5 0
4 years ago
When should a transfer of receivables be recorded as a sale? The buyer surrenders control of the receivables to the seller. The
miskamm [114]

Answer:

The transferor does not maintain effective control over the transferred financial asset or third party beneficial interest in the asset.

Explanation:

The code for transfer of receivable provisions, allows creditor of a debt to have the right to transfer his/ her receivable right to another person, provided that the transaction is permitted by the law/ contract nature of business. Transfer of receivables permit the third person/ party to be included in the relationship that exist between debtor and creditor, and this allows him/ her to near the title of creditor.The receivable must be an existing one before the receivable transfer can be possible. It should be noted that for transfer of receivables be recorded as a sale, The transferor does not maintain effective control over the transferred financial asset or third party beneficial interest in the asset.

3 0
3 years ago
Declining transport rates per unit of weight as the weight shipped increases represents ______.
kirill [66]

Lower per unit weight shipping rates as shipping weight increases means lower per unit shipping costs as size increases.

Distance to Market: The distance the product travels. Government Regulations: Such as B. Dangerous Goods Requirements, Size Limits or Weight Limits.

More cost-effective than air and sea freight: Trucking is very economical compared to air and sea freight because the associated costs such as fuel and truck maintenance are much lower. Improved accessibility: Road traffic is easily accessible.

Back Haul - The return haul of a freight truck. It may return to the point of origin of the cargo in transit, and the carrier is willing to offer discounts to secure the cargo for the voyage.

Learn more about transport at

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5 0
2 years ago
Under lot-for-lot, order sizes for component parts are essentially determined directly from which one of the following? a. gross
Nastasia [14]

Answer: b. Net requirements

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5 0
3 years ago
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