Company P acquired 30% of Company S's common stock on January 1, 20X8, for $100,000 . Company P's 30% interest constitutes significant influence. There is no excess of cost over book value
During 20X8, Company S earned $40,000 and paid dividends of $25,000 . During 20X9, Company S's $50,000 income was earned evenly, and the company paid dividends of $15,000 on April 1 and $15,000 on October 1 . On July 1, 20X9, Company P sold half of its interest in Company S for $66,000 cash; thus, Company P no longer had significant influence The gain on the sale of the investment in Company P's 20X9 income statement should be ____. a. $16,000
b. $13,700
c. $12,250
d. $10,000
c
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Why should task forces that are formed to work on key change initiatives be staffed by stars?
A. Minimizes the need to outsource tasks B. Ensures that key players earn promotions C. Establishes an effective and reasonable time schedule D. Improves the odds of good recommendations being made
When a borrower identifies a property to purchase and then customizes his income to meet the loan criteria, it is referred to as
A. creative financing. B. a backward application. C. equity scheming. D. ninja qualifying