Ask Experts Questions for FREE Help !
Ask
    rowshan's Avatar
    rowshan Posts: 1, Reputation: 1
    New Member
     
    #1

    Dec 12, 2010, 05:58 PM
    Revenue
    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's Avatar
    Just Looking Posts: 1,610, Reputation: 480
    Ultra Member
     
    #2

    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/financ...-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.

Not your question? Ask your question View similar questions

 

Question Tools Search this Question
Search this Question:

Advanced Search

Add your answer here.


Check out some similar questions!

Revenue and expenses [ 2 Answers ]

Cash receipts from customers is 152,000 in 2005 Cash payments for operating expenses were 97,000 jan.01 accounts receivable was 13,000 and prepaid expenses was 17,500 dec.31 account receivable was 18,600 and prepaid expenses was 23,200. What is the service revenue and operating expenses?...

Revenue [ 1 Answers ]

I earned $83.00 interest on my company bank account for the month of May. Is this considered revenue for the month of May?


View more questions Search