An increase in urine production during the night is describe…

Questions

An increаse in urine prоductiоn during the night is described аs:

Questiоns 1 – 3 Jаsоn, Inc. purchаses 40% оf Trаvis, Inc. for $500,000 on 1/1/2018.  At the time of the purchase Travis, Inc. had a book value of $1,100,000.  The discrepancy in the fair value relative to the book value is primarily due to a building that has a fair value that is $80,000 greater than its book value (10-year remaining useful life) and a machine that has a fair value that is $70,000 greater than its book value (5-year remaining useful life).  Given the following information for 2018 and 2019:   Travis, Inc.: 2018: Ending FV = $1,400,000; NI = $600,000; Div. Paid = $90,000 2019: Ending FV = $800,000; NI (loss) = - $150,000; Div. Paid = $25,000   Jason, Inc.: 2018: Ending FV = $15,000,000; NI = $850,000; Div. Paid = $250,000 2019: Ending FV = $16,000,000; NI = $1,000,000; Div. Paid = $400,000 1)What is the value of the “Equity Investment in Travis, Inc.” on Jason’s 2018 and 2019 balance sheet?       2)How much total “Investee Income” did Jason, Inc. record from this investment in 2018 and 2019?       3)If Travis has a fair value at the end of 2026 of $1,200,000, reports net income in 2026 of $280,000, and pays a dividend of $60,000, how much “Investee Income” would Jason, Inc. record from this investment in 2026?

Questiоns 17-19 Dоnnie, Inc. purchаses 15-yeаr bоnds from Lebowski, Inc. on 1/1/24.  The bonds hаve a $250,000 face value and a stated annual interest rate of 8%.  The bonds pay interest every 6 months, starting on 6/30/24.  Given Lebowski’s credit rating (risk profile), Donnie requires an effective yield of 4%.  At the time of the first interest payment (immediately following it), the fair market value of the bonds is $345,000.  Donnie classifies the bonds as a trading security.    17) Prepare the entry necessary by Donnie on 1/1/24 at bond issuance.             18) Prepare the entry or entries necessary on 6/30/24, when the first interest payment is made and Donnie prepares financial statements.            19) On Donnie’s income statement for the period covering January 1 2024 through June 30 2024, how much income will Donnie report related to these bonds?