Camp Corporation purchased 8,500 shares of Tent Corporation common stock for $80 per share on January 1, 2014. Tent reported net income of $220,000 for 2014 and paid dividends of $90,000 during 2014. As of December 31, 2014, the market value of Tent Corporation common stock was $80 per share. Assuming the shares owned by Camp represent 30 percent of the total outstanding stock of Tent, Camp
Corporation should report the long-term investment on December 31, 2014, at a carrying value of
A) $641,000.
B) $680,000.
C) $719,000.
D) $810,000.
C
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On November 1, 2019, Alpha Omega, Inc. sold merchandise for $15,000, FOB destination, with payment terms, n/30. The cost of goods sold was $5,100. On November 3, the customer returns on this sale amounted to $6,000. The company received the balance on November 9, 2019. Calculate the cost of goods sold from these transactions.
A) $2,040 B) $5,940 C) $5,100 D) $3,060
List and discuss the five goals to keep in mind when delivering bad news
What will be an ideal response?
Securities that are purchased in order to take advantage of short-term changes in market value should be classified as ____________________ securities
Fill in the blank(s) with correct word
Some states allow university faculty and academic staff members to unionize. What are the key factors that would influence individual faculty and academic staff members' decisions to support (or not) union representation by the AFT?
What will be an ideal response?