14. Nippon Paint acquired 40% shares of Petek Boya as a long-term investment for the purpose...
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14. Nippon Paint acquired 40% shares of Petek Boya as a long-term investment for the purpose of controlling the other company, in January 2023, for ₺ 105.000. Petek Boya had net income of ₺ 80.000 in 2023, and declared and paid dividends of ₺ 25.000 in March 2024. Required: Provide the necessary journal entries, assuming that Nippon uses the equity method 15. If the book value of assets is ₺ 900.000, long-term debt is ₺ 400.000 and equity is ₺200.000, what is long-term debt-to-total capital ratio (financial leverage)? 14. Nippon Paint acquired 40% shares of Petek Boya as a long-term investment for the purpose of controlling the other company, in January 2023, for ₺ 105.000. Petek Boya had net income of ₺ 80.000 in 2023, and declared and paid dividends of ₺ 25.000 in March 2024. Required: Provide the necessary journal entries, assuming that Nippon uses the equity method 15. If the book value of assets is ₺ 900.000, long-term debt is ₺ 400.000 and equity is ₺200.000, what is long-term debt-to-total capital ratio (financial leverage)?
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ANSWER 14 Journal Entries using Equity Method Date Particulars Debit Credit Jan 20... View the full answer
Related Book For
Income Tax Fundamentals 2013
ISBN: 9781285586618
31st Edition
Authors: Gerald E. Whittenburg, Martha Altus Buller, Steven L Gill
Posted Date:
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