At mid-year, National Steel Fabricators, Inc. purchased a 35% ownership interest in Keystone Consolidated, Inc. for $40 million. At year-end, Keystone reported an operating loss of $6 million, of which only $2 million related to the second half of the year.
Despite the operating loss, Keystone paid its regular quarterly dividend of $1 million in both the third and fourth quarters
Calculate the income statement effect for National Steel at year-end associated with its investment in Keystone.
Calculate the book value that National Steel should record on its balance sheet for its investment in Keystone at year-end.

There are about 6.8 billion people in the world, and about 11.4 billion usable hectares. currently, the population of the united states has an ecological footprint of about 9.0 hectares per person. if all people in the world were to live at the level of consumption found in the united states, the population of the world would have to in order to support them.

Larissa has also provided the following information. during the year, the company raised $36 million in new long-term debt and retired $20.52 million in long-term debt. the company also sold $22 million in new stock and repurchased $32.4 million. the company purchased $54 million in fixed assets, and sold $6,107,400 in fixed assets. larissa has asked dan to prepare the financial statement of cash flows and the accounting statement of cash flows. she has also asked you to answer the following questions: 1. how would you describe east coast yachts' cash flows? 2. which cash flows statement more accurately describes the cash flows at the company? 3. in light of your previous answers, comment on larissa's expansion plans.

Awell-written business plan can improve your chances of getting funding and give you more free time. improved logistics. greater negotiating power.