On january 1, 2017, metlock, inc. had cash and common stock of $19,5000. at that date the company had no other asset, liability or equity balances. on january 2, 2017, it purchased $175000 of equity securities for cash that it classified as available-for-sale. it received cash dividends of $13500 during the year on these securities. in addition, it had an unrealized holding gain on these securities of $33500 net of tax. based on this information, what is the amount of comprehensive income in 2017?

What is the equity method balance in the investment in lindman account at the end of 2018?

Acompany has $80,000 in outstanding accounts receivable and it uses the allowance method to account for uncollectible accounts. experience suggests that 6% of outstanding receivables are uncollectible. the current credit balance (before adjustments) in the allowance for doubtful accounts is $1,200. the journal entry to record the adjustment to the allowance account includes a debit to bad debts expense for $4,800. true or false

Owns a machine that can produce two specialized products. production time for product tlx is two units per hour and for product mtv is four units per hour. the machine’s capacity is 2,100 hours per year. both products are sold to a single customer who has agreed to buy all of the company’s output up to a maximum of 3,570 units of product tlx and 1,610 units of product mtv. selling prices and variable costs per unit to produce the products follow. product tlx product mtv selling price per unit $ 11.50 $ 6.90 variable costs per unit 3.45 4.14 determine the company's most profitable sales mix and the contribution margin that results from that sales mix.