5. Assume the investment was sold by Hilton Company on December 31, 2022. How Hilton Company...

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5. Assume the investment was sold by Hilton Company on December 31, 2022. How Hilton Company works accounting for this situation. Perform the analysis and present the journal entry if in the situation there is a loss or gain on the sale, if the investment is sold for $390,000. Situation Two Amatista Co. has the following changes in its common stock during the period. Shares Outstanding Date Jan 1 2023 May 1 2023 July 1 2023 Sep 1 2023 November 30 2023 December 31 2023 Share Changes Beginning Balance Issued 35,000 share for cash Issued 40% of additional shares in stock dividends Purchases 15,000 shares (Treasury Stock) Issued 40,000 shares for cash Ending Balance Instructions 1. Calculate the WASCO 2. Calculate the EPS, the net income at December 31, 2023 = $120,000. 100,000 35,000 135,000 54,000 189,000 -15000 174,000 40,000 214,000 5. Assume the investment was sold by Hilton Company on December 31, 2022. How Hilton Company works accounting for this situation. Perform the analysis and present the journal entry if in the situation there is a loss or gain on the sale, if the investment is sold for $390,000. Situation Two Amatista Co. has the following changes in its common stock during the period. Shares Outstanding Date Jan 1 2023 May 1 2023 July 1 2023 Sep 1 2023 November 30 2023 December 31 2023 Share Changes Beginning Balance Issued 35,000 share for cash Issued 40% of additional shares in stock dividends Purchases 15,000 shares (Treasury Stock) Issued 40,000 shares for cash Ending Balance Instructions 1. Calculate the WASCO 2. Calculate the EPS, the net income at December 31, 2023 = $120,000. 100,000 35,000 135,000 54,000 189,000 -15000 174,000 40,000 214,000 5. Assume the investment was sold by Hilton Company on December 31, 2022. How Hilton Company works accounting for this situation. Perform the analysis and present the journal entry if in the situation there is a loss or gain on the sale, if the investment is sold for $390,000. Situation Two Amatista Co. has the following changes in its common stock during the period. Shares Outstanding Date Jan 1 2023 May 1 2023 July 1 2023 Sep 1 2023 November 30 2023 December 31 2023 Share Changes Beginning Balance Issued 35,000 share for cash Issued 40% of additional shares in stock dividends Purchases 15,000 shares (Treasury Stock) Issued 40,000 shares for cash Ending Balance Instructions 1. Calculate the WASCO 2. Calculate the EPS, the net income at December 31, 2023 = $120,000. 100,000 35,000 135,000 54,000 189,000 -15000 174,000 40,000 214,000

Answer rating: 100% (QA)

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