Maurice Tutor

(5)

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About Maurice Tutor

Levels Tought:
Elementary,Middle School,High School,College,University,PHD

Expertise:
Algebra,Applied Sciences See all
Algebra,Applied Sciences,Biology,Calculus,Chemistry,Economics,English,Essay writing,Geography,Geology,Health & Medical,Physics,Science Hide all
Teaching Since: May 2017
Last Sign in: 402 Weeks Ago, 1 Day Ago
Questions Answered: 66690
Tutorials Posted: 66688

Education

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

Experience

  • Professor
    Phoniex University
    Oct-2001 - Nov-2016

Category > Accounting Posted 08 Aug 2017 My Price 4.00

Alexis Co

1. On May 20,2011, Alexis Co. paid $750,000 to acquire 25,000 common shares (10%) of TKR Corp. as a long-term investment. On August 5, 2012, Alexis sold one-half of these shares for $475,000. What valuation method should be used to account for this stock investment? Prepare entries to record both the acquisition and the sale of these shares. (2) Assume the same facts as in (1) except that the stock acquired represents 40% of TKR Corp's outstanding stock. Also assume that TKR Corp. paid a $125,000 dividend on November 1,2011, and reported a net income of $550,000 for 2011. Prepare the entries to record(a) the receipt of the dividend and (b) the December 31,2011, year-end adjustment required for the investment account.

Answers

Maurice Tutor
(5)
Status NEW Posted 08 Aug 2017 11:08 PM My Price 4.00

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