Top Posters
Since Sunday
w
5
a
3
j
2
a
2
t
2
u
2
r
2
j
2
j
2
l
2
d
2
y
2
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 95 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
Helped a lot
avance37
wrote...

Yesterday
You make an excellent tutor!
Starfiew
wrote...

2 hours ago
Good timing, thanks!
New Topic      
Quick Reply
Explore
Post your homework questions and get free online help from our incredible volunteers
  1267 People Browsing
Start New Topic Take the Tour CoursesNew Study Tools Topics Trending Browse by Textbook
Live Chat
Related Images
  
 178
  
 75
  
 245
Your Opinion
Which 'study break' activity do you find most distracting?
Votes: 824
Previous poll results: Who will win the 2024 president election?