Top Posters
Since Sunday
L
3
d
3
y
3
a
3
n
3
d
3
e
3
d
3
c
3
p
3
M
3
a
3
Home Q & A Board Other Fields Homework Help Business Accounting
New Topic  
Harrison Harrison
wrote...
Go to Answer
Posts: 626
Rep: 0 0
6 years ago
Barking Power Company accounts for its 35% investment in Pipeline Corporation under the equity method of accounting. The investment was made on January 1, 2014, at a cost of $625,000. Pipeline Corporation reported net income of $85,000 for the year ended December 31, 2014, and paid total dividends of $20,000 during 2014. On December 31, 2014, after making all appropriate entries, the balance in Barking Power Company's Long-Term Investment account will equal:
A) $647,750
B) $602,250
C) $583,000
D) $690,000
Textbook 
Financial Accounting, Canadian Edition

Financial Accounting, Canadian Edition


Edition: 5th
Authors:
Read 94 times
1 Reply
Replies
Answer verified by a subject expert
TheSinTheSin
wrote...
#1
Posts: 380
Rep: 16 0
6 years ago
Sign in or Sign up in seconds to unlock everything for free
More solutions for this book are available here
1

Related Topics

Harrison Author
wrote...

6 years ago
This helped my grade so much Perfect
DaiwalkerX
wrote...

Yesterday
Thanks
carston
wrote...

2 hours ago
Smart ... Thanks!
New Topic      
Quick Reply
Explore
Post your homework questions and get free online help from our incredible volunteers
  1481 People Browsing
Start New Topic Take the Tour CoursesNew Study Tools Topics Trending Browse by Textbook
Related Images
  
 223
  
 117
  
 222
Your Opinion
Which country would you like to visit for its food?
Votes: 261
Previous poll results: Do you believe in global warming?