Antisdale Co. made the following transactions. Instructions: Calculate the carrying value of the Investment Portfolio Jan 1
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Question:
Antisdale Co. made the following transactions.
Instructions:
Calculate the carrying value of the Investment Portfolio
Jan 1 Purchased 39% of Bau Inc. for $575,000
Feb 12 Purchased 45% of Wade Co, for $2,000,000
Purchased 15% of Isley Enterprises for $40,000. The CEO and CFO
Mar 15 of Isley are brothers of the Chairman and CEO of Antisdale. The sister is outside counsel to both firms
Jun 15 Bau pays dividends of $60,000
Sept 15 Bau pays dividends of $90,000
Oct 10 Wade pays dividends of $800,000
Dec 31 Bau Inc.'s earnings are $75,000
Dec 31 Wade Co.'s earnings are $500,000 for the current year
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College Accounting A Practical Approach
ISBN: 978-0132564441
11th Canadian Edition
Authors: Jeffrey Slater, Brian Zwicker
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