What is the balance in torii corporations, Accounting Basics

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What is the balance in torii corporations

Torii Corporation purchased 80% of Johan Corporation for $250,000 on January 1, 2004. On may 30, 2004 Johan Corporation declared total dividends of $30,000. At year-end Johan Corporation reported net income of $150,000. What is the balance in Torii Corporations's investment in Johan Corporation account at year end?

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Accounting Basics: What is the balance in torii corporations

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Accounting Basics: What is the balance in torii corporations

Reference No:- TGS0703911

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Recent Questions Asked Accounting Basics

Q : Prepare a monthly manufacturing overhead flexible

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Q : Discuss on the most prominent firms in the world

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Q : What is the balance in torii corporations

Q : What will happen to equilibrium vapor pressure of iodine

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Request for Solution File

Ask an Expert for Answer!!

Accounting Basics: What is the balance in torii corporations

Reference No:- TGS0703911

Recent Questions Asked Accounting Basics

Q : Prepare a monthly manufacturing overhead flexible

Q : How many miles did each swallow fly

Q : Discuss on the most prominent firms in the world

Q : Who are the stakeholders

Q : What is the balance in torii corporations

Q : What will happen to equilibrium vapor pressure of iodine

Q : Discuss the boyers cash payment for income taxes

Q : Reflect the investor equity in earnings

Q : Determine the cash paid for merchandise purchased

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