Question: On January 1 , 2 0 2 0 , Stream Company acquired 2 6 percent of the outstanding voting shares of Q - Vide manufactures

On January 1,2020, Stream Company acquired 26 percent of the outstanding voting shares of Q-Vide manufactures specialty cables for computer monitors. On that date, Q-Video reported assets and liabi million and $766,000, respectively. A customer list compiled by Q-Video had an appraised value of $3 recorded on its books. The expected remaining life of the customer list was five years with straight-line appropriate. Any remaining excess cost was not identifiable with any particular asset and thus was con
Q-Video generated net income of $202,000 in 2020 and a net loss of $126,000 in 2021. In each of the and paid a cash dividend of $12,000 to its stockholders.
During 2020, Q-Video sold inventory that had an original cost of $90,100 to Stream for $170,000. Of this to outsiders during 2020, and the remainder was sold during 2021. In 2021, Q-Video sold inventory to Sti inventory had cost only $144,000. Stream resold $94.000 of the inventory during 2021 and the rest durin
For 2020 and then for 2021, compute the amount that Stream should report as income from its investmen financial statements under the equity method. (Enter your answers in whole dollars and not in millions. calculations.)
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 On January 1,2020, Stream Company acquired 26 percent of the outstanding

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