On January 5, Jones Ventures Inc. purchased 40% of the outstanding stock of Pilots Manufacturing Corp. The purchase was 20,000 shares at $10 per share. Jones received dividends from Pilots in the amount of $15,000 on June 15 and again on December 15. Pilots reported net income for the year ended December 31 in the […]
Halsey Company uses the straight-line method for amortization of all bond premium & discounts. During fiscal year 2017 Halsey had the following bond payable transactions: January 2, issued ten, $1,000 bonds at 101. These 5-year bonds are dated January 1, 2017. The contract interest rate is 6%. Interest is payable semi-annual on January 1 and July […]
Part A<br/>On January 2, 2017, Kesha Company purchased 10,000 shares of the stock of Petty Corp., and did not obtain significant influence. The investment is intended as a long-term investment. The stock was purchased for $5 per share, and represents a 10% ownership stake. Petty Corp made $20,000 of net income in 2017, and paid dividends of $5,000 on […]
statement of cash flow from the following information. Income Statement: Net Income $300,000 Depreciation Expense 30,000 Loss on Sale of Plant Assets 10,000 Interest Expense 500 Balance Sheet – 12/31/17: Accounts Payable Increase 4,000 Accounts Receivable Increase 5,000 Plant Assets – Proceeds from sale 100,000 Additional Information: Cash Balance – 12/31/2016: $50,000 Common Stock exchanged for outstanding Long-Term Notes Payable of $150,000 Dividends paid were $30,000 […]
Since 2010, we have offered professional writing services to clients all over the world.
Over the years, our writers have gained solid experience in all academic disciplines, giving them a competitive edge to provide only first-rate academic papers.
Hi there! Chat/Order through WhatsApp.