• On 2017-02-01, P purchased 27% of the outstanding shares of TORT common stock for $65,195 . P accounted for the invest
Posted: Fri Jul 01, 2022 8:29 am
- On 2017 02 01 P Purchased 27 Of The Outstanding Shares Of Tort Common Stock For 65 195 P Accounted For The Invest 1 (94.09 KiB) Viewed 31 times
- On 2017 02 01 P Purchased 27 Of The Outstanding Shares Of Tort Common Stock For 65 195 P Accounted For The Invest 2 (60.26 KiB) Viewed 31 times
• On 2017-02-01, P purchased 27% of the outstanding shares of TORT common stock for $65,195 . P accounted for the investment using the equity method . On 2017-07-15, P received a cash dividend of $9,779.25 from TORT • On 2017-12-31, TORT reported net income of $43,463.33. Record P's share. . For the year ending 2017-12-31 indicate effects on statements. If there is no effect for an account, put O as the amount.
Comprehensive Income Statement NET INCOME Unrealized gain (loss) on available for sale securities TOTAL COMPREHENSIVE INCOME Balance Sheet Cash Marketable securities Equity method investments TOTAL ASSETS Retained earnings Accumulated other comprehensive income TOTAL SHAREHOLDERS' EQUITY Effect Effect