Parent Company purchased 100 percent of Son Inc. on January…

Parent Company purchased 100 percent of Son Inc. on January 1, 20X2 for $420,000. Son reported earnings of $82,000 and declared dividends of $4,000 during 20X2. Based on the preceding information and assuming Parent uses the equity method to account for its investment in Son, what is the balance in Parent’s Investment in Son account on December 31, 20X2, prior to consolidation?

You are working in an outpatient clinic and a patient calls…

You are working in an outpatient clinic and a patient calls to verify they are taking their medication correctly. The patient states that they only have a teaspoon at home and the medication directions are in tablespoons. You look up the patient’s medication order and note they should be taking 3 tablespoons. How many teaspoons do you instruct the patient to take with each administration?