subject
Business, 03.05.2021 23:20 caleelwittmann31

On January 2, 2020, Motorola Solutions Inc. purchased 12% of Civitas Solutions's common stock for $57,000. During 2020, Civitas Solutions declared and paid a dividend of $65,500. Civitas Solutions's net income for the year ended December 31, 2020 was $13,000. On December 31, 2020, the fair value of the Civitas Solutions stock owned by Motorola Solutions Inc. had increased to $74,000. How much should Motorola Solutions Inc. show in the 2020 income statement (as part of Net Income) as income from this investment

ansver
Answers: 2

Another question on Business

question
Business, 22.06.2019 16:40
Determine the hrm’s role in the performance management process and explain how to ensure the process aligns with the organization’s strategic plan.
Answers: 1
question
Business, 22.06.2019 20:10
Russell's is considering purchasing $697,400 of equipment for a four-year project. the equipment falls in the five-year macrs class with annual percentages of .2, .32, .192, .1152, .1152, and .0576 for years 1 to 6, respectively. at the end of the project the equipment can be sold for an estimated $135,000. the required return is 13.2 percent and the tax rate is 23 percent. what is the amount of the aftertax salvage value of the equipment assuming no bonus depreciation is taken
Answers: 2
question
Business, 22.06.2019 20:30
Exercise 7-7 martinez company reports the following financial information before adjustments. dr. cr. accounts receivable $168,900 allowance for doubtful accounts $3,200 sales revenue (all on credit) 849,300 sales returns and allowances 50,440 prepare the journal entry to record bad debt expense assuming martinez company estimates bad debts at (a) 4% of accounts receivable and (b) 4% of accounts receivable but allowance for doubtful accounts had a $1,550 debit balance. (if no entry is required, select "no entry" for the account titles and enter 0 for the amounts. credit account titles are automatically indented when the amount is entered. do not indent manually.)
Answers: 3
question
Business, 23.06.2019 00:50
On december 31 of the current year, the unadjusted trial balance of a company using the percent of receivables method to estimate bad debt included the following: accounts receivable, debit balance of $97,900; allowance for doubtful accounts, credit balance of $1,031. what amount should be debited to bad debts expense, assuming 6% of outstanding accounts receivable at the end of the current year are estimated to be uncollectible?
Answers: 1
You know the right answer?
On January 2, 2020, Motorola Solutions Inc. purchased 12% of Civitas Solutions's common stock for $5...
Questions
question
Mathematics, 18.02.2020 22:23
question
Mathematics, 18.02.2020 22:24
question
Mathematics, 18.02.2020 22:24