Even complicated and confusing topics will be easily developed and covered if you request our help writing an essay. Place an order today!

Mallard Corporation (Mallard) purchased a 70% interest in Tony’s Detailing Service, Inc. (Tony’s) on July 1, 2X09. An analysis of the investment on December 31, 2X11, and some notes are shown below:Mallard’s analysis of investmentInvestment in Tony’s $732,501Notes receivable 7,000Capital stock 280,000Retained earnings 302,050Land 56,000Equipment (73,451)Accumulated Depreciation* 23,450Goodwill 137,452Noncontrolling Intererest (NCI)’s analysis of investmentInvestment in Tony’s $313,929Note receivable 3,000captital stock 120,000retained earnings 129,450land 24,000equipment (31,479)Accumulated depreciation* 10,050goodwill 58,908* Calculated on a straight line basisTony’s reported net income of $175,000 for the year ended December 31, 2X12. During 2X12, Tony’s received final payment on the note receivable. In addition, $19,490 of dividends was paid to shareholders on September 18, 2X12. The accumulated depreciation adjustment on July 1, 2X09 was $14,700 for Mallard and $6,300 for the NCI.A. Prepare journal entries in proper form to record the receipt of dividends and investment income on the books of Mallard for the year ended December 31, 2X12. Make sure to provide supporting calculations.

Mallard Corporation (Mallard) purchased a 70% interest in Tony’s Detailing Service, Inc. (Tony’s) on July 1, 2X09. An analysis of the investment on December 31, 2X11, and some notes are shown below:Mallard’s analysis of investmentInvestment in Tony’s $732,501Notes receivable 7,000Capital stock 280,000Retained earnings 302,050Land 56,000Equipment (73,451)Accumulated Depreciation* 23,450Goodwill 137,452Noncontrolling Intererest (NCI)’s analysis of investmentInvestment in Tony’s $313,929Note receivable 3,000captital stock 120,000retained earnings 129,450land 24,000equipment (31,479)Accumulated depreciation* 10,050goodwill 58,908* Calculated on a straight line basisTony’s reported net income of $175,000 for the year ended December 31, 2X12. During 2X12, Tony’s received final payment on the note receivable. In addition, $19,490 of dividends was paid to shareholders on September 18, 2X12. The accumulated depreciation adjustment on July 1, 2X09 was $14,700 for Mallard and $6,300 for the NCI.A. Prepare journal entries in proper form to record the receipt of dividends and investment income on the books of Mallard for the year ended December 31, 2X12. Make sure to provide supporting calculations.

Mallard Corporation (Mallard) purchased a 70% interest in Tony’s Detailing Service, Inc. (Tony’s) on July 1, 2X09. An analysis of the investment on December 31, 2X11, and some notes are shown below:Mallard’s analysis of investmentInvestment in Tony’s $732,501Notes receivable 7,000Capital stock 280,000Retained earnings 302,050Land 56,000Equipment (73,451)Accumulated Depreciation* 23,450Goodwill 137,452Noncontrolling Intererest (NCI)’s analysis of investmentInvestment in Tony’s $313,929Note receivable 3,000captital stock 120,000retained earnings 129,450land 24,000equipment (31,479)Accumulated depreciation* 10,050goodwill 58,908* Calculated on a straight line basisTony’s reported net income of $175,000 for the year ended December 31, 2X12. During 2X12, Tony’s received final payment on the note receivable. In addition, $19,490 of dividends was paid to shareholders on September 18, 2X12. The accumulated depreciation adjustment on July 1, 2X09 was $14,700 for Mallard and $6,300 for the NCI.A. Prepare journal entries in proper form to record the receipt of dividends and investment income on the books of Mallard for the year ended December 31, 2X12. Make sure to provide supporting calculations.

Mallard Corporation (Mallard) purchased a 70% interest in Tony’s Detailing Service, Inc. (Tony’s) on July 1, 2X09. An analysis of the investment on December 31, 2X11, and some notes are shown below:Mallard’s analysis of investmentInvestment in Tony’s $732,501Notes receivable 7,000Capital stock 280,000Retained earnings 302,050Land 56,000Equipment (73,451)Accumulated Depreciation* 23,450Goodwill 137,452Noncontrolling Intererest (NCI)’s analysis of investmentInvestment in Tony’s $313,929Note receivable 3,000captital stock 120,000retained earnings 129,450land 24,000equipment (31,479)Accumulated depreciation* 10,050goodwill 58,908* Calculated on a straight line basisTony’s reported net income of $175,000 for the year ended December 31, 2X12. During 2X12, Tony’s received final payment on the note receivable. In addition, $19,490 of dividends was paid to shareholders on September 18, 2X12. The accumulated depreciation adjustment on July 1, 2X09 was $14,700 for Mallard and $6,300 for the NCI.A. Prepare journal entries in proper form to record the receipt of dividends and investment income on the books of Mallard for the year ended December 31, 2X12. Make sure to provide supporting calculations.

testimonials icon
As a leader in higher education, yo...
testimonials icon
  BUS 600Week 1 Quiz (All correct)Question 1 Which of the...
testimonials icon
Identity an elderly person in your community or locality. Fix up an appointment with the elderly person and talk to him or her about the limitation...
testimonials icon
Topic 1: Ethics and budgeting Budgeting is generally regarded as an essential technique for planning and cont...
testimonials icon
homework on modern differential equations...
testimonials icon
WEB 237 Week 5 Learning Team Assignment Finalized Paper...
testimonials icon
For the third component of the Session Long Project, write a 2- to 3-page essay in which you begin to discuss the spread of the data that you have...
testimonials icon
In a company with 20 employees, there are 7 earning $10/hour, 3 earning $12/hour, 4 earning $15/hour, 2 earning $20/hour, and 4 earnin...
testimonials icon
Running head: ESSAY ON SUICIDE IN PRISONSEssay on suicide in prisonsStudents NameUniversity of AffiliationDate1ESSAY ON SUICIDE IN PRISONS2Essay on s...
testimonials icon
Name: ____________________                                                     ...
testimonials icon
“I remember watching Kurt come through and thinking, “God, this music is nuclear,” This is really splitting th...

Other samples, services and questions:

Calculate Price

When you use PaperHelp, you save one valuable — TIME

You can spend it for more important things than paper writing.

Approx. price
$65
Order a paper. Study better. Sleep tight. Calculate Price!
Created with Sketch.
Calculate Price
Approx. price
$65