Maurice Tutor

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  • MCS,PHD
    Argosy University/ Phoniex University/
    Nov-2005 - Oct-2011

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    Phoniex University
    Oct-2001 - Nov-2016

Category > Management Posted 08 Jul 2017 My Price 8.00

Hall Company’s voting stock

Manwill Company owns 40% (30,000 shares) of Hall Company’s voting stock. Since Manwill has a significant interest in Hall, it uses the equity method of accounting for the investment. Hall reported the following information for the year:
1. Hall earned net income of $80,000.
2. Hall paid dividends of $20,000.
3. Hall’s stock value increased from $40 to $45.
Make the necessary journal entry (or entries) to record the change in value of Manwill’s investment in Hall.

Answers

Maurice Tutor
(5)
Status NEW Posted 08 Jul 2017 08:07 AM My Price 8.00

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