For 2012,2013,and 2014,Squid Corporation Earned Net Incomes of $40,000,$70,000,and $100,000,respectively,and

question 34

Essay

For 2012,2013,and 2014,Squid Corporation earned net incomes of $40,000,$70,000,and $100,000,respectively,and paid dividends of $24,000,$32,000,and $44,000,respectively.On January 1,2012,Squid had $500,000 of $10 par value common stock outstanding and $100,000 of retained earnings.
On January 1 of each of these years,Albatross Corporation bought 5% of the outstanding common stock of Squid paying $37,000 per 5% block on January 1,2012,2013,and 2014.All payments made by Albatross in excess of book value were attributable to equipment,which is depreciated over five years on a straight-line basis.
Required:
1.Assuming that Albatross uses the cost method of accounting for its investment in Squid,how much dividend income will Albatross recognize for each of the three years and what will be the balance in the investment account at the end of each year?
2.Assuming that Albatross has significant influence and uses the equity method of accounting (even though its ownership percentage is less than 20%),how much net investee income will Albatross recognize for each of the three years?

Understand the basic concepts and distinctions between different types of memory, such as sensory, short-term, long-term, explicit, and implicit.

Comprehend the processes of encoding, storage, and retrieval, including factors that influence these processes.

Identify and describe the effects of interference (proactive and retroactive) and amnesia (anterograde and retrograde) on memory.

Recognize the impact of psychological factors, such as emotion and mood, on memory recall and formation.

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Definitions:

Deinstitutionalization

The discharge, begun during the 1960s, of large numbers of patients from long-term institutional care so that they might be treated in community programs.

Normalization Program

A process or initiative aiming to make certain practices, behaviors, or conditions accepted as normal within a society or group.

Legal And Human Rights

The body of law and principles that recognizes and protects the dignity, freedom, and inherent rights of all human beings.

Clinical Focus

Concentration on the assessment, diagnosis, treatment, and prevention of psychological disorders.