Examlex
Use the following information to answer the question(s) below.
On December 31, 2013, Giant Corporation's Investment in Penguin Corporation account had a balance of $500,000. The balance consisted of 80% of Penguin's $625,000 stockholders' equity on that date. Giant owns 80% of Penguin. On January 2, 2014, Penguin increased its outstanding common stock from 15,000 to 18,000 shares.
-Assume that Penguin sold the additional 3,000 shares directly to Giant for $150,000 on January 2,2014.Giant's percentage ownership in Penguin immediately after the purchase of the additional stock is
Investor Population
The demographic and psychographic composition of individuals or entities that invest in various types of assets.
United States
A country in North America, consisting of 50 states and a federal district, known for its economic and military power.
Entrepreneur Angels
Wealthy individuals who provide capital for startups, usually in exchange for ownership equity or convertible debt.
Active Involvement
Participation that is fully engaged and contributory towards a project or activity.
Q2: If the bonds were originally issued at
Q2: The parent affiliate recognizes a gain on
Q2: Pamula Corporation paid $279,000 for 90% of
Q16: In reference to international accounting for goodwill,U.S.companies
Q17: Shoreline Corporation had $3,000,000 of $10 par
Q20: Stripe Corporation,a British subsidiary of Polka
Q24: A(n)_ sale is a sale by a
Q28: What is Pew's income from Sordid for
Q45: A highly-effective hedge of an existing asset
Q46: Porter Corporation acquired 70% of the outstanding