The Master Company acquired a 40% interest in the Dickerson Company on January 2, 2017, for $1,000,000. During 2017, Dickerson Company paid $100,000 in dividends and reported net income of $270,000. At the end of 2017, the balance in Investment in Dickerson Company should be
A) $1,000,000.
B) $1,068,000.
C) $1,040,000.
D) $1,108,000.
B
You might also like to view...
Describe the benefits and pitfalls of using supervisors, peers, subordinates, and customers as evaluators in performance appraisals.
What will be an ideal response?
The immediacy and personalization of social networks and, more broadly, the web itself set up the environment for ________.
A. green marketing B. viral marketing C. newspaper advertising D. predatory pricing E. prosocial marketing
The fair use doctrine allows certain limited unauthorized use of copyrighted materials.
Answer the following statement true (T) or false (F)
Article 6 of the Code does not:
a. apply to sales of goods in the ordinary course of business. b. define "bulk transfer" as any transfer in bulk and not in the ordinary course of business. c. apply to merchants whose principal business is the sale of merchandise from stock. d. include the transfer of a substantial part of equipment as a bulk transfer under any circumstances. e. All of the answers are correct.