PDA

View Full Version : Revenue


rowshan
Dec 12, 2010, 05:58 PM
Baker Company purchased 40% of the outstanding common stock of Yann Corporation on Jan 1st, 2011. Yan reported net income of 90,000dollars and declared cash and paid cash dividend on common stock of 25,000 dollars. Baker should report revenue from its investment in Yann for 2011 of how much?

Just Looking
Dec 12, 2010, 07:29 PM
Please read this announcement. We won't do your homework for you, but we'll check it or give you guidance.

https://www.askmehelpdesk.com/finance-accounting/announcement-font-color-ff0000-u-b-read-first-expectations-homework-help-board-b-u-font.html

If you show your work, we will check it. If you don't know where to start, look in your text or Google Accounting for Equity Securities.
Thanks.