Assume that, on January 1, 2021, Matsui Co. paid $1,296,000 for its investment in 48,000 shares of Yankee Inc. Further, assume that Yankee has 240,000 total shares of stock issued. The book value and fair value of Yankee's identifiable net assets were both $480,000 at January 1, 2021. The following information pertains to Yankee during 2021: Net income $ 240,000 Dividends declared and paid $ 72,000 Market price of common stock on 12/31/2021 $ 29 /share What amount would Matsui report in its year-end 2021 balance sheet for its investment in Yankee

$1,329,600

Explanation:

Calculation for the amount that Matsui would report in its year-end 2021 balance sheet for its investment in Yankee

First step is to find the Percentage of shares acquired

Percentage of shares acquired = 48,000 / 240,000 = 20%

Last step is to find the Balance sheet Amount to be reported

Using this formula

Investment = Cost + 20% of Net income - 20% of dividends declared

Let plug in the formula

Investment=$1,296,000 + (20% x $240,000) - (20% x $72,000 )

Investment=$1,296,000+$48,000-$14,400

Investment=$1,329,600

Therefore the amount that Matsui would report in its year-end 2021 balance sheet for its investment in Yankee will be $1,329,600

hi : ) i found this so i hope this !

"we first find value of tax in dollars.

the difference between the two prices   is: 23. 54 - 22 = 1.54

therefore the sales tax in dollars is 1.54

the tax % will be   (amount of tax / original cost price ) × 100

(1.54 / 22) × 100  → (0.07) × 100 =   7

so the tax rate is 7%

we can double check the answer.

7 % of 22   → (7/100) × 22 → 0.07 × 22 = 1.54

22 + 1.54 = 23.54"

answer; coefficient of correlation;