The summarized balance sheets of Goebel Company and Dobbs Company as of December 31, 2021 are...

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The summarized balance sheets of Goebel Company and Dobbs Company as of December 31, 2021 are as follows: Goebel Company Balance Sheet December 31, 2021 Assets Liabilities Capital stock Retained earnings Total equities Assets Liabilities Capital stock Retained earnings Total equities Dobbs Company Balance Sheet December 31, 2021 $2.400,000 $ 300,000 1,200,000 900,000 $2.400.000 $1.800.000 $410,000 1,150,000 240.000 $1.800.000 If Goebel Company acquired a 20% interest in Dobbs Company on December 31, 2021 for $350,000 and the fair value method of accounting for the investment were used, the amount of the debit to Equity Investments (Dobbs) would have been • If Goebel Company acquired a 30% interest in Dobbs Company on December 31, 2021 for $430,000 and the equity method of accounting for the investment were used, the amount of the debit to Equity Investments (Dobbs) would have been If Goebel Company acquired a 20% interest in Dobbs Company on December 31, 2021 for $290,000 and during 2022 Dobbs Company had net income of $150,000 and paid a cash dividend of $60,000, applying the fair value method would give a debit balance in the Equity Investments (Dobbs) account at the end of 2022 of If Goebel Company acquired a 30% interest in Dobbs Company on December 31, 2021 for $440,000 and during 2022 Dobbs Company had net income of $150,000 and paid a cash dividend of $60,000, applying the equity method would give a debit balance in the Equity Investments (Dobbs) account at the end of 2022 of The summarized balance sheets of Goebel Company and Dobbs Company as of December 31, 2021 are as follows: Goebel Company Balance Sheet December 31, 2021 Assets Liabilities Capital stock Retained earnings Total equities Assets Liabilities Capital stock Retained earnings Total equities Dobbs Company Balance Sheet December 31, 2021 $2.400,000 $ 300,000 1,200,000 900,000 $2.400.000 $1.800.000 $410,000 1,150,000 240.000 $1.800.000 If Goebel Company acquired a 20% interest in Dobbs Company on December 31, 2021 for $350,000 and the fair value method of accounting for the investment were used, the amount of the debit to Equity Investments (Dobbs) would have been • If Goebel Company acquired a 30% interest in Dobbs Company on December 31, 2021 for $430,000 and the equity method of accounting for the investment were used, the amount of the debit to Equity Investments (Dobbs) would have been If Goebel Company acquired a 20% interest in Dobbs Company on December 31, 2021 for $290,000 and during 2022 Dobbs Company had net income of $150,000 and paid a cash dividend of $60,000, applying the fair value method would give a debit balance in the Equity Investments (Dobbs) account at the end of 2022 of If Goebel Company acquired a 30% interest in Dobbs Company on December 31, 2021 for $440,000 and during 2022 Dobbs Company had net income of $150,000 and paid a cash dividend of $60,000, applying the equity method would give a debit balance in the Equity Investments (Dobbs) account at the end of 2022 of

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Lets break down each scenario 1 20 interest fair value method 350000 investment The ... View the full answer