Lions Gate Entertainment Corp. (Lionsgate) has numerous equity method investments. The following excerpt is from Lionsgate's...

 

 

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Lions Gate Entertainment Corp. (Lionsgate) has numerous equity method investments. The following excerpt is from Lionsgate's March 31, 2017 SEC Form 10-K: Equity Method Investments: The carrying amounts of equity method investments at March 31, 2017 and March 31, 2016 were as follows: March 31, 2017 March March 31, 2016 31, 2017 Ownership Percentage Equity Method Investee (Amounts in millions) $171.8 $188.8 96.8 37.3 EPIX 31.15% 50.0% 98.7 Pop. Other. Various 27.0 $322.9 $297.5 Equity interests in equity method investments for the year ended March 31, 2017, 2016, and 2015 were as follows (income (loss)): Year Ended March 31, 2017 2016 2015 Equity Method Investee (amounts in millions) EPIX. Pop. Other. $31.0 (6.9) (13.4) $52.1 (1.8) (6.1) $48.7 (9.6) 13.4 $44.2 $52 5 $10.7 mbridge Business Publishers Chapter 1 I Accounting for Intercorporate continued from previous page Pop. Pop is the Company's joint venture with CBS. During the year ended March 31, 2017, the Com- pany made contributions of $5.0 million to Pop (2016-$8.8 million, 2015-$15.0 million). Lionsgate owned the same proportion of Pop's equity at March 31, 2017, 2016 and 2015. . Using the facts presented in this exercise, what is the total amount of dividends declared and paid by Pop during the year ended March 31, 2017? Assume the total amount of dividends declared and paid by Pop during the year ended March 31, 2016 is the same as the year ended March 31, 2017. What is the balance of Lionsgate's equity investment in Pop on March 31, 2015? Lions Gate Entertainment Corp. (Lionsgate) has numerous equity method investments. The following excerpt is from Lionsgate's March 31, 2017 SEC Form 10-K: Equity Method Investments: The carrying amounts of equity method investments at March 31, 2017 and March 31, 2016 were as follows: March 31, 2017 March March 31, 2016 31, 2017 Ownership Percentage Equity Method Investee (Amounts in millions) $171.8 $188.8 96.8 37.3 EPIX 31.15% 50.0% 98.7 Pop. Other. Various 27.0 $322.9 $297.5 Equity interests in equity method investments for the year ended March 31, 2017, 2016, and 2015 were as follows (income (loss)): Year Ended March 31, 2017 2016 2015 Equity Method Investee (amounts in millions) EPIX. Pop. Other. $31.0 (6.9) (13.4) $52.1 (1.8) (6.1) $48.7 (9.6) 13.4 $44.2 $52 5 $10.7 mbridge Business Publishers Chapter 1 I Accounting for Intercorporate continued from previous page Pop. Pop is the Company's joint venture with CBS. During the year ended March 31, 2017, the Com- pany made contributions of $5.0 million to Pop (2016-$8.8 million, 2015-$15.0 million). Lionsgate owned the same proportion of Pop's equity at March 31, 2017, 2016 and 2015. . Using the facts presented in this exercise, what is the total amount of dividends declared and paid by Pop during the year ended March 31, 2017? Assume the total amount of dividends declared and paid by Pop during the year ended March 31, 2016 is the same as the year ended March 31, 2017. What is the balance of Lionsgate's equity investment in Pop on March 31, 2015?

Answer rating: 100% (QA)

Number 1 1043 million 11670m less 124m The total net income of EPIX less th... View the full answer