Marley Investments, Inc. purchased 45% of the common stock of Beige Corporation on January 1, 2019. Beige Corporation reports a net income of $720,000 for the 2019 year. Which of the following is the correct journal entry?
Revenue from Investments = $720,000 × 0.45 = $324,000
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The Kruk Company regularly sells merchandise to German customers. On December 1, 2018, Kruk sold merchandise to a German customer at a price of three million Euros; the customer is required to pay for the goods on February 1, 2019. The spot rate was $0.875 per euro on December 1, 2018, it was $0.8875 per euro on December 31, 2018, and it was $0.865 per euro on February 1, 2019. Required:Prepare the journal entries that might be necessary on December 1, 2018, December 31, 2018, and on February 1, 2019.
What will be an ideal response?
On June 1, 20x5, Jomax Corporation had 60,000 shares of $10 par value common stock outstanding. On June 2, 20x5, Jomax declared a 40 percent stock dividend to be distributed on July 5, 20x5, to shareholders of record on June 15, 20x5. What amount of retained earnings should be transferred to contributed capital because of this dividend?
A) None B) Par value per share multiplied by the number of dividend shares C) Market value of the stock at the date of distribution multiplied by the number of dividend shares D) Market value of the stock at the date of declaration multiplied by the number of dividend shares
With all the methods of contacting a service desk now available, the telephone is being phased out as a contact channel.
Answer the following statement true (T) or false (F)
Outsourcing is simply an extension of the long-standing practice of:
A) subcontracting. B) importing. C) exporting. D) postponement. E) e-procurement.