On january 1, 2018, alamar corporation acquired a 40 percent interest in burks, inc., for $210,000. on that date, burks's balance sheet disclosed net assets with both a fair and book value of $360,000. during 2018, burks reported net income of $80,000 and declared and paid cash dividends of $25,000. alamar sold inventory costing $30,000 to burks during 2018 for $40,000. burks used all of this merchandise in its operations during 2018. prepare all of alamar's 2018 journal entries to apply the equity method to this investment. (if no entry is required for a transaction/event, select "no journal entry required" in the first account field.)

Uestion 7 you hold a portfolio consisting of a $5,000 investment in each of 20 different stocks. the portfolio beta is equal to 1.12. you have decided to sell a coal mining stock (b = 1.00) at $5,000 net and use the proceeds to buy a like amount of a mineral rights company stock (b = 2.00). what is the new beta of the portfolio?

Which of the following is a disadvantage to choosing a sole proprietorship business structure? question 9 options: the owner has personal responsibility for the company's liabilities. the owner has to share the profits with partners. the owner is still liable for personal debts. the owner has to report to shareholders.

Consider the market for gasoline. suppose that, in a competitive market without government regulations, the equilibrium price of gasoline is $3.00 per gallon, and employees at gas stations earn $17.50 per hour. complete the following table by indicating whether each of the statements is an example of a price ceiling or a price floor and whether it results in a shortage or a surplus or has no effect on the price and quantity that prevail in the market. statement price control effect the government has instituted a legal minimum price of $3.40 per gallon for gasoline. the government prohibits gas stations from selling gasoline for more than $3.40 per gallon. due to new regulations, gas stations that would like to pay better wages in order to hire more workers are prohibited from paying more than $14.50 per hour.