On January 10,2012 badger co. Purchased 30% of the outstanding stock of crest co

Question

On January 10,2012 badger co. Purchased 30% of the outstanding stock of crest co. For 123000 $ . Crest paid total dividend to all shareholders of 15000$ on July 15. Crest had a net loss of 25000$ for 1012

A) journalize badger's purchase of the stock, receipt of dividend , and adjusting entry for the equity loss in crest co. Stock

B) compute the balance of investment in crest co . Stock for December 31, 2012

C) how does valuing an investment under the equity method differ from valuing an investment at fair value??

Explanation / Answer

http://books.google.co.in/books?id=zN5HeZQK8YAC&pg=PA696&lpg=PA696&dq=journalize+badger's+purchase+of+the+stock,+receipt+of+dividend+,+and+adjusting+entry+for+the+equity+loss+in+crest+co.+Stock&source=bl&ots=doTzCqKyk9&sig=2bo_RezJGeoxwWOgj_LSpuEBtXQ&hl=en&sa=X&ei=7AJaUaioDYT9rAeY8oGwBg&ved=0CDcQ6AEwAQ#v=onepage&q=journalize badger's purchase of the stock, receipt of dividend , and adjusting entry for the equity loss in crest co. Stock&f=false

http://books.google.co.in/books?id=mbRBtbCTte8C&pg=PA696&lpg=PA696&dq=journalize+badger's+purchase+of+the+stock,+receipt+of+dividend+,+and+adjusting+entry+for+the+equity+loss+in+crest+co.+Stock&source=bl&ots=ReJ7U0JviP&sig=erjyDC5p1v3NnflTcE65KEsCsL8&hl=en&sa=X&ei=7AJaUaioDYT9rAeY8oGwBg&ved=0CDIQ6AEwAA#v=onepage&q=journalize badger's purchase of the stock, receipt of dividend , and adjusting entry for the equity loss in crest co. Stock&f=false

Related Questions

Navigate

• Browse (All)
• Browse O
• Subjects

Integrity-first tutoring: explanations and feedback only — we do not complete graded work. Learn more.