Business, 17.08.2019 22:20 tystevens9943

During year 3, gilman co. purchased 5,000 shares of the 500,000 outstanding shares of meteor corp.'s common stock for $35,000. during year 3, gilman received $1,800 of dividends from its investment in meteor's stock. the fair value of gilman's investment on december 31, year 3, is $32,000. gilman has elected the fair value option for this investment. what amount of income or loss that is attributable to the meteor stock investment should be reflected in gilman's earnings for year 3? a. income of $4,800b. income of $1,800c. loss of $1,200d. loss of $3,000

Answers: 1

Show answers

Another question on Business

Business, 22.06.2019 16:50

Identify and describe a variety of performance rating scales that can be used in organizations including graphical scales, letter scales, and numeric scales.

Answers: 2

Answer

Business, 22.06.2019 19:40

Best burger is a major fast food chain. its managers are motivated to grow the firm in order to increase their market power and change the industry structure in their favor. which of the following strategies is most associated with their motive for growth? a. employing celebrity spokespeople b. implementing automated burger-making machinery c. purchasing competitors d. increasing executive salaries

Answers: 3

Answer

Business, 22.06.2019 21:30

Which of the following results in an increase in the standard of living? a. an increase in unemployment pushes down the cost of production. b. wages go up to correct for the inflation of prices. c. income increases, enabling consumers to buy more goods and services. d. rising production costs drive up the price of goods and services.

Answers: 1

Answer

Business, 23.06.2019 02:00

Here are the expected cash flows for three projects: cash flows (dollars) project year: 0 1 2 3 4 a − 6,100 + 1,275 + 1,275 + 3,550 0 b − 2,100 0 + 2,100 + 2,550 + 3,550 c − 6,100 + 1,275 + 1,275 + 3,550 + 5,550 a. what is the payback period on each of the projects? b. if you use a cutoff period of 2 years, which projects would you accept?

Answers: 2

Answer

You know the right answer?

During year 3, gilman co. purchased 5,000 shares of the 500,000 outstanding shares of meteor corp.'s...

Questions