Solved: On january 1 2010 harris pays 300000 for 6000 shares of, Accounting Basics

+44 141 628 6080
[email protected]

On january 1 2010 harris pays 300000 for 6000 shares of

Question - On January 1 2010 harris pays 300,000 for 6,000 shares of horton, representing a 25% ownership. Harris has significant influence. During 2010, Horton earns $200,000 and pays dividends of $2 per share. Harris has net income of $500,000 and pays dividends of $300,000 in 2010. Answer the Following:

A. How much equity income is recorded by Harris in 2010?

B. What is the balance in the Investment in Hortonfound on harris books at December 31, 2010.

Solution Preview :

Prepared by a verified Expert

Accounting Basics: On january 1 2010 harris pays 300000 for 6000 shares of

Reference No:- TGS02812373

Now Priced at $25 (50% Discount)

Recommended (91%)

Rated (4.3/5)

Have a Question? (oR Write a Review)

Write atleast 100 words!!

Asked Questions

How plan an emergency material warehouse for fema

Assume you are working as a manager in FEMA. You have a limited budget and a certain number of people. (Think about the needs of people in disaster regions).

Which of these are advice apa gives for working remotely

Which of these are advice APA gives for working remotely? Note: these may all end up being good advice, but the APA article only mentions some.

How to encourage task roles and relationship roles

Rewrite this make it simple easy to understand like human writing: As a leader, I would aim to encourage task roles and relationship roles while correcting

Improving customer service in a logistical system

Re-phrase: Improving customer service in a logistical system does not consistently scale with increased total cost due to diminishing returns.

How product-life cycle theory relate to modern world

Question: How does the product-life cycle theory relate to the modern world? Multiple choice question.

Report on the incident response teams performance

In response, the company's management has requested a report on the incident response team's performance.

What would be considered a latent defect

Question: Which of the following would be considered a latent defect? Group of answer choices

Solution Preview :

Prepared by a verified Expert

Accounting Basics: On january 1 2010 harris pays 300000 for 6000 shares of

Reference No:- TGS02812373

Have a Question? (oR Write a Review)

Recent Questions Asked Accounting Basics

Q : What is the tax rate expected to be in year

Q : Niki wants to know the current price of a 1000 bond which

Q : Discuss the telecommunications reform act 1996 and the

Q : What is the value of diaz stock with a required rate of

Q : On january 1 2010 harris pays 300000 for 6000 shares of

Q : Suppose nsi incurs fixed costs of 560000 during a year in

Q : Calculate this treasurers break-even forward rate on

Q : Nielson motors is considering an opportunity that requires

Q : Adrienne dawson is planning to buy 10-year zero coupon