gracelong242 gracelong242

24-12-2020
Business

contestada

Jansen Inc. acquired all of the outstanding common stock of Merriam Co. on January 1, 2019, for $257,000.Annual amortization of $19,000 resulted from this acquisition.Jansen reported net income of $70,000 in 2019 and $50,000 in 2020 and paid $22,000 in dividends each year.Merriam reported net income of $40,000 in 2019 and $47,000 in 2020 and paid $10,000 in dividends each year.What is the Investment in Merriam Co. balance on Jansen's books as of December 31, 2020, if the equity method has been applied

Respuesta :

abiolataiwo2015 abiolataiwo2015

24-12-2020

Answer:

$286,000.

Explanation:

Calculation for the Investment in Merriam Co. balance on Jansen's books as of December 31, 2013, if the equity method has been applied

Using this formula

Investment balance=Common stock+ 2019 Reported net income+2020 Reported net income-Dividends-Annual amortization- Dividends-Annual amortization

Let plug the formula

Investment balance=$257,000 + $40,000 + $47,000 - $10,000 - $19,000 - $10,000 - $19,000

Investment balance= $286,000

Therefore the Investment in Merriam Co. balance on Jansen's books as of December 31, 2013, if the equity method has been applied will be $286,000

Answer Link

Otras preguntas

In economic language, a shortage is best defined as __________. A. a situation in which the demand for a good or service is greater than the amount supplied in

Which of the following phrases is part of the refrain of Swing Low, Sweet Chariot a. If you get there before I do c. Tell all my friends I m coming too b. A

what is the tone of emily dickinson's poem "324" ("some keep the sabbath going to church")? a. sad b. angry c. happy d. hopeless

Wollstonecraft concludes her introduction by pointing out that in the struggle for social power, the governing force will always be — a. the emotions c. the g

Poetry that uses no rhyme scheme and no set meter is called _____.. . . blank verse. iambic pentameter. dactylic hexameter. free verse

Although most flash mobs gather to make a statement some gather to protest something. Which of the following identifies the type of sentence used in the examp

Rob measures the solubility of three different salts in water at 22°C. Which type of graph should he use to display his data?. bar graph. line graph. histogram.

Which of the following is not a court created by the government?. a.. territorial court. c.. District of Columbia courts. b.. court of appeals for armed forces.

what is the additive inverse of the complex number 9 – 4i?

Buck did not read the newspapers, or he would have known that trouble was brewing, not alone for himself, but for every tidewater dog, strong of muscle and with