As a long-term investment at the beginning of the 2021 fiscal year, Florists International purchased 25% of Nursery Supplies Inc.'s 18 million shares for $66 million. The fair value and book value of the shares were the same at that time. During the year, Nursery Supplies earned net income of $28 million and distributed cash dividends of $2.00 per share. At the end of the year, the fair value of the shares is $62 million. Required: Prepare the appropriate journal entries from the purchase through the end of the year.
Answers: 3
Business, 21.06.2019 20:50
Which of the following statements is not correct? 1) trade allows for specialization. 2) trade has the potential to benefit all nations. 3) trade allows nations to consume outside of their production possibilities curves. 4) absolute advantage is the driving force of specialization.
Answers: 3
Business, 22.06.2019 09:30
Which are the best examples of costs that should be considered when creating a project budget?
Answers: 2
Business, 22.06.2019 13:30
1. is the act of declaring a drivers license void and terminated when it is determined that the license was issued through error or fraud.
Answers: 2
Business, 22.06.2019 15:10
Popeye produces 20 cans of spinach in 8 hours. wimpy produces 15 hamburgers in 10 hours. if each hamburger trades for 1.5 cans of spinach, then: a.wimpy’s production and productivity are greater than popeye’s. b.popeye’s production is greater than wimpy’s, but his productivity is less. c.wimpy’s production is greater than popeye’s, but his productivity is less. d.popeye’s production and productivity are greater than wimpy’s.
Answers: 3
As a long-term investment at the beginning of the 2021 fiscal year, Florists International purchased...
History, 19.08.2019 10:50
Mathematics, 19.08.2019 10:50
Mathematics, 19.08.2019 10:50
Mathematics, 19.08.2019 10:50
Mathematics, 19.08.2019 10:50
English, 19.08.2019 10:50
English, 19.08.2019 10:50
Mathematics, 19.08.2019 10:50
Physics, 19.08.2019 10:50
Mathematics, 19.08.2019 10:50
Chemistry, 19.08.2019 10:50
Mathematics, 19.08.2019 10:50
Social Studies, 19.08.2019 10:50
Mathematics, 19.08.2019 10:50
English, 19.08.2019 10:50
Mathematics, 19.08.2019 10:50