subject
Business, 19.05.2020 18:09 braphi5609

Blossom, Inc. acquired 40% of Splish Corporation's voting stock on January 1, 2021 for $1100000. During 2021, Splish earned $430000 and paid dividends of $270000. Blossom's 40% interest in Splish gives Blossom the ability to exercise significant influence over Splish's operating and financial policies. During 2022, Splish earned $530000 and paid cash dividends of $170000 on April 1 and $170000 on October 1. On July 1, 2022, Blossom sold half of its stock in Splish for $690000 cash. The carrying amount of this investment in Blossom's December 31, 2021 balance sheet should be

ansver
Answers: 2

Another question on Business

question
Business, 21.06.2019 17:10
Diggity dank corporation uses an activity-based costing system with two activity cost pools. diggity dank uses direct labor hours as the measure of activity in the first activity cost pool and the number of orders in the second activity cost pool. the following information relates to these two activity cost pools for last year: what was diggity dank's under- or overapplied overhead for last year? a. $17,000 overapplied b. $20,000 underapplied c. $27,000 underapplied d. $73,000 overapplied
Answers: 1
question
Business, 22.06.2019 01:20
Suppose a stock had an initial price of $65 per share, paid a dividend of $1.45 per share during the year, and had an ending share price of $58. a, compute the percentage total return. (a negative answer should be indicated by a minus sign. do not round intermediate calculations and enter your answer as a percent rounded to 2 decimal places, e.g., 32.16.) b. what was the dividend yield and the capital gains yield? (a negative answer should be indicated by a minus sign. do not round intermediate calculations and enter your answers as a percent rounded to 2 decimal places, e.g., 32.16.)
Answers: 2
question
Business, 22.06.2019 02:40
Which of the following statements about brand names is true? brand names give the seller an incentive to provide consistently high-quality products and services in order to protect the reputation of the brand. brand names are always economically wasteful since they dupe consumers into buying more expensive goods and services that are no different from generic versions. it is always rational to prefer brand names over generic substitutes. read the following example and determine whether it illustrates a common critique or defense of advertising. musashi sees a commercial for a brand x clothing company that depicts the wearers of the clothes out having a good time with friends. although he doesn't particularly need new clothes, the commercial prompts him to buy a brand x t-shirt.
Answers: 3
question
Business, 22.06.2019 12:30
Acorporation a. can use different depreciation methods for tax and financial reporting purposes b. must use the straight - line depreciation method for tax purposes and double declining depreciation method financial reporting purposes c. must use different depreciation method for tax purposes, but strictly mandated depreciation methods for financial reporting purposes d. can use straight- line depreciation method for tax purposes and macrs depreciation method financial reporting purposes
Answers: 2
You know the right answer?
Blossom, Inc. acquired 40% of Splish Corporation's voting stock on January 1, 2021 for $1100000. Dur...
Questions
question
Mathematics, 23.10.2019 14:50
question
Mathematics, 23.10.2019 14:50
question
Physics, 23.10.2019 14:50
question
Mathematics, 23.10.2019 14:50
question
English, 23.10.2019 14:50
Questions on the website: 13722362