ug. 1 Purchased 600 shares of the 100,000 shares outstanding $10 par common shares of Dankin Corporation for $5,100. 1 Purchased 3,500 shares of the 10,000 shares no par common shares of Ramon Co. for $45,700. The investment was accounted the equity method. Sept. 1 Received a cash dividend of $1 per share on the Dankin Corporation stock acquired on August 1. 1 Received a cash dividend of $2 per share on the Ramon Co. stock acquired on August 1. Dec. 31 Sold 100 shares of the Dankin Corporation shares acquired on August 1 for $2,100. 31 Dankin Corporation reported net income of $30,000 and Ramon Company’s reported net income was $50,000. If an amount box does not require an entry, leave it blank. Aug. 1 fill in the blank 2 fill in the blank 4 Aug. 1 fill in the blank 6 fill in the blank 8 Sept. 1 fill in the blank 10 fill in the blank 12 Sept. 1 fill in the blank 14 fill in the blank 16 Dec. 31 fill in the blank 18 fill in the blank 19 fill in the blank 21 fill in the blank 22 fill in the blank 24 fill in the blank 25 Dec. 31 fill in the blank 27
ug. 1 Purchased 600 shares of the 100,000 shares outstanding $10 par common shares of Dankin Corporation for $5,100. 1 Purchased 3,500 shares of the 10,000 shares no par common shares of Ramon Co. for $45,700. The investment was accounted the equity method. Sept. 1 Received a cash dividend of $1 per share on the Dankin Corporation stock acquired on August 1. 1 Received a cash dividend of $2 per share on the Ramon Co. stock acquired on August 1. Dec. 31 Sold 100 shares of the Dankin Corporation shares acquired on August 1 for $2,100. 31 Dankin Corporation reported net income of $30,000 and Ramon Company’s reported net income was $50,000. If an amount box does not require an entry, leave it blank. Aug. 1 fill in the blank 2 fill in the blank 4 Aug. 1 fill in the blank 6 fill in the blank 8 Sept. 1 fill in the blank 10 fill in the blank 12 Sept. 1 fill in the blank 14 fill in the blank 16 Dec. 31 fill in the blank 18 fill in the blank 19 fill in the blank 21 fill in the blank 22 fill in the blank 24 fill in the blank 25 Dec. 31 fill in the blank 27
College Accounting, Chapters 1-27
23rd Edition
ISBN:9781337794756
Author:HEINTZ, James A.
Publisher:HEINTZ, James A.
Chapter21: Corporations: Taxes, Earnings, Distributions, And The Statement Of Retained Earnings
Section: Chapter Questions
Problem 9SPA
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Question
Aug. | 1 | Purchased 600 shares of the 100,000 shares outstanding $10 par common shares of Dankin Corporation for $5,100. |
1 | Purchased 3,500 shares of the 10,000 shares no par common shares of Ramon Co. for $45,700. The investment was accounted the equity method. | |
Sept. | 1 | Received a cash dividend of $1 per share on the Dankin Corporation stock acquired on August 1. |
1 | Received a cash dividend of $2 per share on the Ramon Co. stock acquired on August 1. | |
Dec. | 31 | Sold 100 shares of the Dankin Corporation shares acquired on August 1 for $2,100. |
31 | Dankin Corporation reported net income of $30,000 and Ramon Company’s reported net income was $50,000. |
If an amount box does not require an entry, leave it blank.
Aug. 1 | fill in the blank 2 | ||
fill in the blank 4 | |||
Aug. 1 | fill in the blank 6 | ||
fill in the blank 8 | |||
Sept. 1 | fill in the blank 10 | ||
fill in the blank 12 | |||
Sept. 1 | fill in the blank 14 | ||
fill in the blank 16 | |||
Dec. 31 | fill in the blank 18 | fill in the blank 19 | |
fill in the blank 21 | fill in the blank 22 | ||
fill in the blank 24 | fill in the blank 25 | ||
Dec. 31 | fill in the blank 27 | ||
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