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michellemaricioxbyk0
03.12.2019 •
Business
Ziegler corporation purchased 25,000 shares of common stock of the sherman corporation for $40 per share on january 2, 2014. sherman corporation had 100,000 shares of common stock outstanding during 2015, paid cash dividends of $90,000 during 2015, and reported net income of $300,000 for 2015. ziegler corporation should report revenue from investment for 2015 in the amount of:
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Ответ:
Ziegler Corporation should report revenue from investment for 2015 in the amount of $75,000
Explanation:
given data
purchased = 25,000 shares
common stock = $40 per share
common stock outstanding = 100,000 shares
paid cash dividends = $90,000
net income = $300,000
to find out
revenue from investment for 2015 in the amount of
solution
we first get here Investment in Sherman Corporation that is
Investment = purchased ÷ common stock outstanding ..........................1
put here value
Investment =![\frac{25,000}{100000}](/tpl/images/0400/3517/09197.png)
Investment = 25%
so that income from investment will be here we get
income from investment = 25% of net income ........................2
put here value
income from investment = 25% × $300,000
income from investment = 0.25 × $300,000
income from investment = $75,000
so Ziegler Corporation should report revenue from investment for 2015 in the amount of $75,000
Ответ:
Well here's what I can tell you,
The day the contributed property was purchased.
The day the partnership interest was acquired.
Either one of these are true which also means they are both true.