On January 1, 20--, Dover Company’s retained earnings accounts had the following balances: Appropriated for printing press:      $50,000 Unappropriated retained earnings: $800,000                                                         $850,000 During the year ended December 31, 20--, Dover completed the following selected transactions: Transactions: Mar. 15 Declared a semiannual dividend of $0.30 per share on preferred stock and $0.40 per share on common stock to shareholders of record on April 5, payable on April 10. Currently, 5,000 shares of $10 par preferred stock and 30,000 shares of $2 par common stock are outstanding. Apr. 10 Paid the cash dividend. Sept. 15 Declared semiannual dividend of $0.30 per share on preferred stock and $0.40 per share on common stock to shareholders of record on October 5, payable on October 10. Oct. 10 Paid the cash dividend. Nov. 10 Board of directors declared a two-for-one common stock split. Dec. 31 Net income for 20-- was $135,000. Closed the income summary account.   31 Closed the cash dividends account.   Required:  1. Prepare journal entries for the transactions. 2. Post all entries affecting the appropriated and unappropriated retained earnings accounts to T accounts. 3. Prepare a statement of retained earnings for the year ended December 31, 20--

. Journal entries using the Cost and Equity Method of accounting for the   for the following transtation : On 1/2/18 the Xylo Corp. purchased 8000 shares of ABC Co. Common Stock At $20 per share. ABC Co. has 40000 shares of  Common Stock outstanding.   On 10/31/18 Xylo Corp. received a $1.50 per share dividend from ABC Co. On 12/30/18 ABC Company announced earnings of for the year at $200000.    Prepare the calculations and Journal Entries, in good form, if the      Investment is classified as Available for sale Part A. The Cost Method.    Part B The Equity Method of accounting is applicable.

ABC Co. reports under IFRS and has a December 31st year end. On January 1, 2020, ABC Co. purchased 3000 shares (30%) of the outstanding common shares of XYZ Inc. for $28/share in cash.  XYZ Inc. provided the following statement of comprehensive income for the year ended Dec 31, 2020: Net income $22,500 Other comprehensive income 600 Comprehensive income $23,100 XYZ Inc. paid dividends of $1.20 per share during the year.  Due to recent uncertainty in XYZ’s industry, shares were trading at $26.50 per share at year end. ABC CO.'s accountant is still investigating whether it will need to classify the investment as an investment in associate or FVTOCI.  Required:  a. Prepare the 2020 journal entries for ABC Co for the investments assuming the investment is classified as : i) investment in associate (equity method) ii) FVTOCI   b. Calculate the value of the investment in XYZ Inc on the balance sheet of ABC Co. at December 31, 2020 as classified as: i) investment in…

Tunis Incorporated has a March 31 year-end. The following information pertains to the company’s shares:Common Shares: unlimited # authorized, 45,000 issued; $180,000Preferred Shares: unlimited # authorized, $6 cumulative; 0 issued; $0A transaction listing for Tunis Incorporated’s prior fiscal year is as follows:Issued 20,000 common shares at $5/share ................... Apr 5Issued 5,000 preferred shares at $30/share .................. May 17Declared/paid a $6/share dividend on preferred shares ... Jul 14Bought and retired 1,000 preferred shares at $37/share.. Aug 19Declared/paid a $1/share dividend on common shares .... Nov 16Issued 500 common shares in exchg. for $10K machine .. Dec 19RequiredPrepare the required journal entries in good form (with dates) for the above-listed transactions