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viktoria1198zz
25.02.2020 •
Business
Sox corporation purchased a 35% interest in hack corporation for $1,750,000 on january 1, 2018. on november 1, 2018, hack declared and paid $2.0 million in dividends. on december 31, hack reported a net loss of $4.3 million for the year. what amount of loss should sox report on its income statement for 2018 relative to its investment in hack
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Ответ:
$1,050,000
Explanation:
Given that,
Sox corporation purchased a 35% interest in hack corporation for $1,750,000.
On November 1, 2018, hack declared and paid dividends = $2.0 million
On December 31, hack reported a net loss during the year = $4.3 million
Carrying value:
= Purchased value - 35%(Dividend value)
= $1,750,000 - (0.35 × $2,000,000)
= $1,750,000 - $700,000
= $1,050,000
Net loss of Sox = 35% of net loss during the year
= 0.35 × $4,300,000
= $1,505,000
Since, the carrying value is less than the net loss of sox. Therefore, the net loss of $1,050,000 to be recognized by the sox corporation.
Ответ:
The correct answer is (B)
Explanation:
Social networking sites have changed the way business is to work. Firms and organisations now promote their goods and services on social networking websites, they introduce new products. In the last few years, social networking sites have changed the way that businesses use to find the employees. It has helped companies to find potential employees by advertising jobs on social media websites.