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kipiarov [429]
2 years ago
7

Forte Inc. produces and sells theater set designs and costumes. The company began operations on January 1, 2016. The following t

ransactions relate to securities acquired by Forte Inc., which has a fiscal year ending on December 31:
2016
Jan. 22 Purchased 22,000 shares of Sankal Inc. as an available-for-sale security at $18 per share, including the brokerage commission.
Mar. 8 Received a cash dividend of $0.22 per share on Sankal Inc. stock.
Sep. 8 A cash dividend of $0.25 per share was received on the Sankal stock.
Oct. 17 Sold 3,000 shares of Sankal Inc. stock at $16 per share, less a brokerage commission of $75.
Dec. 31 Sankal Inc. is classified as an available-for-sale investment and is adjusted to a fair value of $25 per share. Use the valuation allowance for available-for-sale investments account in making the adjustment.

2017 Jan. 10 Purchased an influential interest in Imboden Inc. for $720,000 by purchasing 96,000 shares directly from the estate of the founder of Imboden Inc. There are 300,000 shares of Imboden Inc. stock outstanding.
Mar. 10 Received a cash dividend of $0.30 per share on Sankal Inc. stock.
Sep. 12 Received a cash dividend of $0.25 per share plus an extra dividend of $0.05 per share on Sankal Inc. stock.
Dec. 31 Received $57,600 of cash dividends on Imboden Inc. stock. Imboden Inc. reported net income of $450,000 in 2017. Forte Inc. uses the equity method of accounting for its investment in Imboden Inc.
Dec. 31 Sankal Inc. is classified as an available-for-sale investment and is adjusted to a fair value of $22 per share. Use the valuation allowance for available-for-sale investments account in making the adjustment for the decrease in fair value from $25 to $22 per share.

Prepare the investment-related asset and stockholders’ equity balance sheet presentation for Forte Inc. on December 31, 2017, assuming that the Retained Earnings balance on December 31, 2017, is $389,000. Refer to the Chart of Accounts and Amount Descriptions provided for the exact wording of the answer choices for text entries. "Less" or "Plus" will automatically appear if it is required. For those boxes in which you must enter subtracted or negative numbers use a minus sign.
Business
1 answer:
frutty [35]2 years ago
6 0

Answer:Im figuring this out for you!

Explanation:

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Your firm has decided to localize its products and services to meet local market demands. A good approach to use would be ____ s
Deffense [45]

Your firm has decided to localize its products and services to meet local market demands. A good approach to use would be geographic segmentation.

Explanation:

Geographic segmentation is a shared technique if you help customers in a specific area or if a broad intended audience has different values based on its location.

Potential customers are groups by nation, state, region, city or even neighborhood.

For example, swimwear labels for warm areas with beaches and likewise, raincoats for areas with heavy snow, etc. are part of this form of segmentation of regional markets

6 0
2 years ago
Drake Appliance Company, an accrual basis taxpayer, sells home appliances and service contracts. Determine the effect of each of
Nostrana [21]

Answer:

(a) $1,200

(b) $330

Explanation:

(a)

  • The advance payment was issued in 2018, however the items throughout 2018 were not shipped.
  • The products were distributed throughout 2019 as well as the transaction for accounting information requirements was announced throughout 2019.

Therefore, in 2019, $1200 would include gross revenue  

(b)

<u>Service contract for 6 months will be:</u>

Drake would include gross income throughout 2019 of 120(40\times \frac{3}{6} ) ($)and gross income throughout 2020 of $120. In October year 2019, because a corporation offered a 6-month contract, total sales in 2019 represented just a 3-month service agreement.

<u>Service contract for 36 months will be:</u>

  • Throughout 2019 gross sales, Drake would include 120(= (= 1260\times \frac{6}{36} ).The residual balance would not have been all conducted until the close including its tax year of collection since the contract became sold through 36 month.
  • The residual amount of 1050 (= 1,260-210) is thus used throughout gross sales for 2020.  

Consequently,

⇒  Cumulative gross income used throughout 2019 = total earnings of 6 months service agreement + gross income of 36 months service agreement

⇒  120 + 210

⇒  330 ($)

5 0
2 years ago
Which sentence describes a factor that Helen could use to differentiate her coffee shop from branded coffee houses?
Aleonysh [2.5K]

"She decided to rent this location for her shop."

She is differentiating by choosing to operate in a location where there are not a lot of other competitors.

7 0
2 years ago
Read 2 more answers
A firm must choose from six capital budgeting proposals outlined below. The firm is subject to capital rationing and has a capit
MaRussiya [10]

Answer:

On IRR basis projects 1, 2, 3, and 5 will be selected.

On NPV basis projects 1, 3, 5,  and 6 will be selected.

Explanation:

The firm will accept or choose all the project that has a higher or equal internal rate of interest than cost of capital. However, in the given case project 4 has a lower internal rate of interest (12 percent) than the cost of capital. Thus, projects 1, 2, 3, and 5 will be chosen by the firm. While the firm has budget constraints so it will have no money for projects 4 and 6.

The firm will select all the projects with positive NPV when there is no budget constraint. But in case of budget constraint, the firm will select the project that has high NPV. Thus, Project 1, 6, 3, and 5 will be selected and there will be no money left for projects 2 and 4.

8 0
2 years ago
Caitlin, Chris, and Molly are partners and share income and losses in a 3:4:3 ratio. The partnership’s capital balances are Cait
natka813 [3]

Answer:

Pauls' share in partnership=(131000+91000+111000+171000)*0.15%= $75600

Balance in Caitlin’s capital account immediately after Paul’s admission = 131000-(75600-71000)*30%= $129160

6 0
2 years ago
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