Justpassme Inc. acquires exactly 41% of the voting common stock of rainishere.com for $3,960,000 and holds a seat on the

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answerhappygod
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Justpassme Inc. acquires exactly 41% of the voting common stock of rainishere.com for $3,960,000 and holds a seat on the

Post by answerhappygod »

Justpassme Inc. acquires exactly 41% of the voting common
stock of rainishere.com for $3,960,000 and holds a seat on the
board. summerishere.com





reports $152,000 earnings for the year and pays $101,000 in
cash dividends. What does Justpassme recognize on its Income
Statement and Balance Sheet?





























Income Statement























Balance Sheet
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