Barneys Inc. acquired 20% of the outstanding common stock of Santos Inc. on December 31, 2020. The purchase price was $1,200,000 for 50,000 shares. Santos Inc. declared and paid an $0.85 per share cash dividend on June 30 and December 31, 2021. Santos reported net income of $730,000 for 2021. The fair value of Santos’s stock was $27 per share at December 31, 2021. Instructions: a. Prepare the journal entries for Barneys Inc. for 2020 and 2021, assuming that Barneys cannot exercise significant influence over Santos. b. Prepare the journal entries for Barneys Inc. for 2020 and 2021, assuming that Santos can exercise significant influence over Santos.

James albemarle created a trust fund at the beginning of 2016. the income from this fund will go to his son edward. when edward reaches the age of 25, the principal of the fund will be conveyed to united charities of cleveland. mr. albemarle specified that 75 percent of trustee fees are to be paid from principal. terry jones, cpa, is the trustee. james albemarle transferred cash of $500,000, stocks worth $400,000, and rental property valued at $250,000 to the trustee of this fund. immediately invested cash of $360,000 in bonds issued by the u.s. government. commissions of $7,900 are paid on this transaction. incurred permanent repairs of $9,000 so that the property can be rented. payment is made immediately. received dividends of $8,000. of this amount, $3,000 had been declared prior to the creation of the trust fund. paid insurance expense of $4,000 on the rental property. received rental income of $10,000. paid $8,000 from the trust for trustee services rendered. conveyed cash of $7,000 to edward albemarle.

Harry is 25 years old with a 1.55 rating factor for his auto insurance. if his annual base premium is $1,012, what is his total premium? $1,568.60 $2,530 $1,582.55 $1,842.25

Apopular low-cost airline, parson corp., has gone out of business. although the service and price provided by the airline was what customers wanted, the larger airlines were able to drive the low-cost airline out of business through an aggressive price war. which component of the competitive environment does this illustrate? a) threat of new entrants b)competitors c) economic factors d) customers d) regulators