Ask Question, Ask an Expert

+1-415-315-9853

info@mywordsolution.com

Ask Basic Finance Expert

problem: Clark Corporation purchased 40 percent of IT Corp for 125,000 on Jan 1. On May twenty of the same year, IT Corp declared total cash dividends of USD 30,000. At year-end, IT Corp reported net income of USD 150, 000. The balance on Clark Corp’s long-term investment in IT Corp account as of Dec 31 should be:

[A]     173,000

[B]    197,000

[C]     370,000

[D]     77,000

[E]    125,000

Basic Finance, Finance

  • Category:- Basic Finance
  • Reference No.:- M916355

Have any Question? 


Related Questions in Basic Finance

Question 1 when ranking security returns from highest

Question 1. When ranking security returns from highest return to lowest return, the data shows that the annualized returns are as follows: Large stocks, small stocks, long-term corporate bonds, long-term government bonds ...

1 how can strategic procurement contribute to the quality

1. How can strategic procurement contribute to the quality of products produced by a manufacturing organization? 2. Explain the rationale underlying volume consolidation. What are the risks associated with using a single ...

1 is the use of single-case studies a new approach to

1. Is the use of single-case studies a new approach to research in psychology? Explain. 2. Why do single-case researchers believe that the data from individual participants should not be combined, as when we compute a gr ...

Choose a theory presented in a self-help bookinvestigate

Choose a theory presented in a self-help book. Investigate whether the theory is supported by science or is an example of pseudoscience.

Ethical dilemma- rita is the office manager of a

Ethical Dilemma:- Rita is the office manager of a three-doctor practice. Her brother, Juan, a recent college graduate, recently started working for a large insurance company that specializes in health insurance. In attem ...

Apple inc is building a branch in vietnam the cost is 6

Apple Inc. is building a branch in Vietnam. The cost is 6 million VND. The company expects the VND cash flows for the next four years are 3 million VND, 5 million VND, 3 million VND, and 4 million VND, respectively. The ...

1 why is notional principal often exchanged in a currency

1 .Why is notional principal often exchanged in a currency swap but not in an interest rate or equity swap? Why would the parties to a currency swap choose not to exchange the notional principal ? 2 .Explain how the foll ...

Why is there a doppler effect when the source of sound is

Why is there a Doppler effect when the source of sound is stationary and the listener is in motion? In which direction should the listener move to hear a higher frequency? A lower frequency?

1 distinguish between a quota sample and a purposive

1. Distinguish between a quota sample and a purposive sample. 2. What three criteria characterize good descriptions of data?

1 winnebagel corp currently sells 28000 motor homes

1. Winnebagel Corp. currently sells 28,000 motor homes per year at $73,000 each and 7,000 luxury motor coaches per year at $115,000 each. The company wants to introduce a new portable camper to fill out its product line; ...

  • 4,153,160 Questions Asked
  • 13,132 Experts
  • 2,558,936 Questions Answered

Ask Experts for help!!

Looking for Assignment Help?

Start excelling in your Courses, Get help with Assignment

Write us your full requirement for evaluation and you will receive response within 20 minutes turnaround time.

Ask Now Help with Problems, Get a Best Answer

WalMart Identification of theory and critical discussion

Drawing on the prescribed text and/or relevant academic literature, produce a paper which discusses the nature of group

Section onea in an atwood machine suppose two objects of

SECTION ONE (a) In an Atwood Machine, suppose two objects of unequal mass are hung vertically over a frictionless

Part 1you work in hr for a company that operates a factory

Part 1: You work in HR for a company that operates a factory manufacturing fiberglass. There are several hundred empl

Details on advanced accounting paperthis paper is intended

DETAILS ON ADVANCED ACCOUNTING PAPER This paper is intended for students to apply the theoretical knowledge around ac

Create a provider database and related reports and queries

Create a provider database and related reports and queries to capture contact information for potential PC component pro