accounting

posted by .

Ziegler Corporation purchased 25,000 shares of common stock of the Sherman Corporation for $40 per share on January 2, 2010. Sherman Corporation had 100,000 shares of common stock outstanding during 20 I3, paid cash dividends of $120.000 during
20 I3, and reported net income of $400,000 for 20 I3. Ziegler Corporation should report revenue from investment for 20 I3 in the
amount of
a. $30,000.
b. $100,000.
c. $70,000.
d. $110,000.

  • accounting -

    B 100000

Respond to this Question

First Name
School Subject
Your Answer

Similar Questions

  1. accounting

    Assume that the following transactions affected owners' equity for De Soto Inc. during 2011. Feb. 1- Sold 40,000 shares of common stock in the market. Apr. 1- Purchased 3,000 shares of common stock to be held as treasury stock. Paid …
  2. Intermediate Accounting

    Information relating to the capital structure of Parke Corporation is as follows: ` December 31 2008 2009 Outstanding shares of: Common stock 90,000 90,000 Preferred stock, convertible into 30,000 shares of common 30,000 30,000 10% …
  3. Financial Accounting

    Incentive Corporation was organized in 2009 to operate a financial consulting business. The charter authorized the following capital stock: common stock, par value $4 per share. 12,000 shares. During the first year, the following selected …
  4. accounting

    Pearson began 20XX with 30,000 $1 common shares issued and outstanding. Paid in capital in excess of par was $25,000 and retained earnings were $75,000. Net income for 20XXwas $22,000. Requirements: Review Pearson's transactions for …
  5. accounting

    Finishing Touches has two classes of stock authorized: 8%, $10 par preferred and $1 par value common. The following transactions affect stockholders' equity during 2010, its first year of operations: January 2 Issue 100,000 shares …
  6. Accounting

    Pug Corporation has 10,000 shares of $10 par common stock outstanding and 20,000 shares of $100 par, 6% noncumulative, nonparticipating preferred stock outstanding. Dividends have not been paid for the past two years. This year, a …
  7. Accounting

    Effect of Stock Split Gino's Restaurant Corporation wholesales ovens and ranges to restaurants throughout the Midwest. Gino's Restaurant Corporation, which had 100,000 shares of common stock outstanding, declared a 5-for-1 stock split …
  8. Accounting Corporations

    Birch issued 200 shares of $12 par common stock in exchange for a piece of equipment with a current market value of $3,000.Whichof the following is not part of the journal entry for tis transaction?
  9. accounts

    On January 1, 2012, the organizers of the Parsons Corporation obtained their charter and issued 10,000 shares of $1 par common stock for $4 per share. During 2012, the corporation earned $30,000 in cash revenue and paid $20,000 in …
  10. Accounting/Finance

    Temte Corporation is authorized to issue 1,000,000 shares of no-par common stock and 250,000 shares of 6 percent, $25 par value, cumulative preferred stock. These events affected stockholders’ equity during the first year of operations: …

More Similar Questions