) On September 13, 2013, MTA Corp. acquired 50 shares of Vista, Inc. for $100 per share as a long-term available-for-sale security.

1.) On September 13, 2013, MTA Corp. acquired 50 shares of Vista, Inc. for $100 per share as a long-term available-for-sale security. At December 31, 2013, the Vista shares had a fair value of $105 per share and MTA recorded the required adjusting entry to record the fair value of the Vista investment. At December 31, 2104, the Vista shares had a fair value of $102 per share. How would the company record the adjustment to fair value?

2.) On January 2, 2014, Palmer Corp. paid $500,000 cash to acquire 400,000 shares of stock in Prescott Corp. These shares represent 40% of Prescott’s total outstanding stock. How would Palmer record this transaction using the equity method?

3.) On January 2, 2014, Parade Corp. paid $50,000 cash to acquire 400,000 shares of stock in Band Corp. These shares represent 40% of Band Corp.’s total outstanding stock. Parade accounted for this acquisition using the equity method. On December 31, 2014, Band Corp. paid $2,000 in dividends to Parade. How would the company record this transaction?

Show more

Calculate Your Essay Price
(550 words)

Approximate price: $22

Calculate the price of your order

550 words
We'll send you the first draft for approval by September 11, 2018 at 10:52 AM
Total price:
$26
The price is based on these factors:
Academic level
Number of pages
Urgency
Basic features
  • Free title page and bibliography
  • Unlimited revisions
  • Plagiarism-free guarantee
  • Money-back guarantee
  • 24/7 support
On-demand options
  • Writer’s samples
  • Part-by-part delivery
  • Overnight delivery
  • Copies of used sources
  • Expert Proofreading
Paper format
  • 275 words per page
  • 12 pt Arial/Times New Roman
  • Double line spacing
  • Any citation style (APA, MLA, Chicago/Turabian, Harvard)

Our guarantees

Delivering a high-quality product at a reasonable price is not enough anymore.
That’s why we have developed 5 beneficial guarantees that will make your experience with our service enjoyable, easy, and safe.

Money-back guarantee

You have to be 100% sure of the quality of your product to give a money-back guarantee. This describes us perfectly. Make sure that this guarantee is totally transparent.

Read more

Zero-plagiarism guarantee

Each paper is composed from scratch, according to your instructions. It is then checked by our plagiarism-detection software. There is no gap where plagiarism could squeeze in.

Read more

Free-revision policy

Thanks to our free revisions, there is no way for you to be unsatisfied. We will work on your paper until you are completely happy with the result.

Read more

Privacy policy

Your email is safe, as we store it according to international data protection rules. Your bank details are secure, as we use only reliable payment systems.

Read more

Fair-cooperation guarantee

By sending us your money, you buy the service we provide. Check out our terms and conditions if you prefer business talks to be laid out in official language.

Read more