On 1/1/ 2018,P Co acquired 75% of K Co common stock at an amount equal...
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Accounting
On 1/1/ 2018,P Co acquired 75% of K Co common stock at an amount equal to its book value Selected balance sheet data at December 31, 2018, are as follows:
P Co K Co
Total Assets 210,000 90,000
Liabilities 60,000 30,000
Common Stock 50,000 25,000
Retained Earnings 100,000 35,000
In consolidated balance sheet at 31/12/ 2018, what amount should P co report as common stock ?
Select one: a. 50,000 b. 57,000 c. 75,000 d. 100,000 P Co purchased 90% of S Co common stock at its book value of $200,000 on 1/1/2020.During 2020,S reported net income of $65,000 and paid dividends of $20,000.by using equity methods At what amount should P co reported the Investment in S account on 31/12/ 2020?
Select one: a. 265,000 b. 200,000 c. 240,500 d. 245,000
On 1/1/ 2018,P Co acquired 75% of K Co common stock at an amount equal to its book value Selected balance sheet data at December 31, 2018, are as follows:
P Co K Co
Total Assets 210,000 90,000
Liabilities 60,000 30,000
Common Stock 50,000 25,000
Retained Earnings 100,000 35,000
In consolidated balance sheet at 31/12/ 2018, what amount should P co report as common stock ?
P Co purchased 90% of S Co common stock at its book value of $200,000 on 1/1/2020.During 2020,S reported net income of $65,000 and paid dividends of $20,000.by using equity methods At what amount should P co reported the Investment in S account on 31/12/ 2020?
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