On January 3, Kostansas Corporation purchased 5,000 shares of Morton, Inc. for $40 per share plus $700 in broker commissions. These shares represent a 40% ownership in Morton, Inc. Prepare the journal entry Kostansas Corporation should record for the investment transaction.
What will be an ideal response?
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The Reciprocal Trade Agreements Act of 1934 allowed the president to lower tariffs by up to ______________ of the existing level, subject to a tariff reduction by our trading partner.
a. 15 percent b. 35 percent c. 50 percent d. 75 percent
To deliver customer orders quickly, a company has to ______.
A. use faster modes for LTL shipments B. have more distribution centers located closer to supplier locations C. avoid quality inspections of products after production D. reduce packaging requirements
An employee with an EB-1 visa can apply for U.S. citizenship, usually within ________
A) six months B) 1 year C) 4 years D) 5 years
Unlike the financial ratios based on accounting data, total return to shareholders is
A. backward-looking and historic in nature. B. unaffected by market volatility or macroeconomic factors. C. an external performance metric. D. an absolute measure of competitive advantage.