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Heinz Company

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solution


Question

Question;Heinz Company purchased 19 percent of the outstanding share of Johnston Company for $90,000 on January 1, 2013. The following results are reported for Johnston Company: Required:Determine the amount reported by Heinz as income from its investments in Johnston for each year and the balance in Heinz?s investment in Johnston at the end of each year assuming that Heinz uses the following methods in accounting for its investments in Johnston:Cost methodEquity methodFair Value method

 

Paper#39820 | Written in 18-Jul-2015

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