tishfaco5000
24.04.2020 •
Business
On January 2, 2020, Pull Corp. paid $516,000 for 24% (96,000 shares) of the outstanding common stock of Olivia Co. Pull used the equity method to account for the investment. At the end of 2020, the balance in the investment account was $820,000. On January 2, 2021, Pull sold 20,000 shares of Olivia stock for $12 per share. For 2021, Oliver reported income of $188,000 and paid dividends of $30,000. Required: (A.) Prepare the journal entry to record the sale of the 20,000 shares. (B.) After the sale has been recorded, what is the balance in the investment account
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Ответ:
The Danes were enjoying prosperity, after having conquered many other tribes through battle, Shield Sheafson as their leader. He is described as a 'scourge of many tribes, / a wreaker of mead-benches, rampaging among foes' (lines 4-5).
Explanation: