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finance On July 1, 2019, Killearn Company acquired 88,000 of the outstanding shares of Shaun Company for $13 per share. This acquisition gave Killearn a 25% ownership of Shaun and allowed Killearn to significantly influence the investee’s decisions.  As of July 1, 2019, the investee had assets with a book value of$3 million and liabilities of $74,400. At the time, Shaun held equipment appraised at$364,000 more than book value; it was considered to have a seven-year remaining life with no salvage value. Shaun also held a copyright with a five-year remaining life on its books that was undervalued by $972,000. Any remaining excess cost was attributable to goodwill. Depreciation and amortization are computed using the straight-line method. Killearn applies the equity method for its investment in Shaun. Shaun’s policy is to declare and pay a$1 per share cash dividend every April 1 and October 1. Shaun’s income, earned evenly throughout each year, was $598,000 in 2019,$639,600 in 2020, and $692,400 in 2021.  In addition, Killearn sold inventory costing$91,200 to Shaun for $152,000 during 2020. Shaun resold$92,000 of this inventory during 2020 and the remaining $60,000 during 2021. *a.* Calculate the equity income to be recognized by Killearn during each of these years. *b.* Calculate Killearn’s investment in Shaun Company’s balance as of December 31, 2021. Verified answer Recommended textbook solutions
HDEV56th EditionSpencer A. Rathus 380 solutions
Other Quizlet setsRecommended textbook solutionsSocial Psychology10th EditionElliot Aronson, Robin M. Akert, Samuel R. Sommers, Timothy D. Wilson 525 solutions HDEV56th EditionSpencer A. Rathus 380 solutions Psychology13th EditionC. Nathan DeWall, David G Myers 371 solutions Understanding Psychology12th EditionAlbert Maisto, Charles Morris 583 solutions What is the main emphasis of the Reggio Emilia early childhood approach quizlet?The Reggio Emilia approach is an innovative and inspiring approach to early childhood education which values the child as strong, capable and resilient(able to withstand or recover quickly from difficult conditions), rich with wonder and knowledge.
What is the main emphasis of the Reggio Emilia early childhood approach?There are many approaches and philosophies to teaching early childhood education. The Reggio Emilia approach is one of them. This approach, which originated in Italy with “over 40 years of experience,” places strong emphasis on the development of “strong, capable, and resilient” children.
What is considered one of the guiding theoretical frameworks of the schools of Reggio Emilia?One of the most profound aspects of Reggio Emilia is known as The Hundred Languages of Children, written by the founder of the philosophy Loris Malaguzzi. The concept of The Hundred Languages is that children are natural communicators, and thus should be encouraged to communicate through whatever means they can.
Which statement is true regarding the principles and values of the Reggio Emilia approach?Which statement is true regarding the principles and values of the Reggio Emilia Approach? Teachers use documentation to help children revisit their experiences, remember and analyze their thinking, and deepen their understanding.
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What is the overarching belief that guides every aspect of the Reggio Emilia approach quizlet?
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