Barcelona Company owns 20,000 shares of ABC Corporation, representing 10% ownership. Barcelona received a share dividend of 2,000 on September 1, 2020, when the carrying value per on ABC Corporation's books was P30 per share, and the market price is P33 per share. ABC Corporation paid a cash dividend of P10 per share on October 31, 2020, declared on September 30, 2020, of record October 15, 2020. Requirements: 1. How much is the dividend income at the end of 2020? 2. Prepare the necessary journal entries to record September 1, 2020, and October 31, 2020.

Question 19   Company P purchased 70% stock in Company S on Jan 1, 20X1 for $200,000. For the year 20X1, Company S reported the net income of $100,000 and paid dividends of $40,000. At year end, investment account in the books of Company P had a fair market value of $225,000. Under the equity method, the unrealized gain account will be credited with

Exercise 16-20     Your answer is partially correct.  Try again.     On January 1, 2020, Crane Industries had stock outstanding as follows. 6% Cumulative preferred stock, $100 par value, issued and outstanding 9,800 shares   $980,000 Common stock, $10 par value, issued and outstanding 206,000 shares   2,060,000 To acquire the net assets of three smaller companies, Crane authorized the issuance of an additional 158,400 common shares. The acquisitions took place as shown below. Date of Acquisition   Shares Issued Company A April 1, 2020   48,000 Company B July 1, 2020   80,400 Company C October 1, 2020   30,000 On May 14, 2020, Crane realized a $88,800 (before taxes) insurance gain on discontinued operations. On December 31, 2020, Crane recorded income of $274,800 from continuing operations (after tax).Assuming a 25% tax rate, compute the earnings per share data that should appear on the financial statements of Crane Industries as of December 31, 2020.…

please do question 14 d and question 9 a and b