The Master Company acquired a 40% interest in the Dickerson Company on January 2, 2017, for $1,000,000. During 2017, Dickerson Company paid $100,000 in dividends and reported net income of $270,000. At the end of 2017, the balance in Investment in Dickerson Company should be
A) $1,000,000.
B) $1,068,000.
C) $1,040,000.
D) $1,108,000.
B
Business
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Long established, "blue chip" companies list their shares on the
A) NYSE MKT LLC. B) Over the Counter market. C) NYSE. D) NASDAQ.
Business
Baxter Corporation has 1,000 shares of $5 par value common stock issued and outstanding
Journalize the following Baxter transactions for 20XX: Feb. 1 Purchased 200 shares of treasury stock at $6.00. 20 Declared a $2.00 per share cash dividend payable on March 15 to stockholders of record March 1. Mar. 15 Paid the cash dividend. May 10 Declared a 10% stock dividend. The market value of the stock is $15.00 per share. May 30 Distributed the stock dividend. Jun 10 Reissued the treasury stock for $9.00. What will be an ideal response?
Business