Krieger Krisp Donuts, Inc. acquired 40% of the voting common shares of Delevan Bakers Corporation…

Krieger Krisp Donuts, Inc. acquired 40% of the voting common shares of Delevan Bakers Corporation on January 1, 2018, at a total cost of $2,785,000, when its fair value was $6,962,500. At acquisition, the reported book value of Delevan Bakers’ net assets was $6,337,500. The difference between Delevan’s fair value and the book value of its net assets is due to the fair value of equipment that is higher than its book value. The equipment has a 20-year remaining useful life. This investment allows Krieger to exert significant influence over the operating and financing policies of Delevan. At the end of 2018, Delevan reported $769,500 in net income and declared and paid $123,475 in dividends for the period. What journal entries should Krieger record related to its investment in Delevan Bakers? What is the amount of the investment in Delevan Bakers at December 31, 2018?

Place your order
(550 words)

Approximate price: $22

Calculate the price of your order

550 words
We'll send you the first draft for approval by September 11, 2018 at 10:52 AM
Total price:
The price is based on these factors:
Academic level
Number of pages
Basic features
  • Free title page and bibliography
  • Unlimited revisions
  • Plagiarism-free guarantee
  • Money-back guarantee
  • 24/7 support
On-demand options
  • Writer’s samples
  • Part-by-part delivery
  • Overnight delivery
  • Copies of used sources
  • Expert Proofreading
Paper format
  • 275 words per page
  • 12 pt Arial/Times New Roman
  • Double line spacing
  • Any citation style (APA, MLA, Chicago/Turabian, Harvard)

Our guarantees

Delivering a high-quality product at a reasonable price is not enough anymore.
That’s why we have developed 5 beneficial guarantees that will make your experience with our service enjoyable, easy, and safe.

Money-back guarantee

You have to be 100% sure of the quality of your product to give a money-back guarantee. This describes us perfectly. Make sure that this guarantee is totally transparent.

Read more

Zero-plagiarism guarantee

Each paper is composed from scratch, according to your instructions. It is then checked by our plagiarism-detection software. There is no gap where plagiarism could squeeze in.

Read more

Free-revision policy

Thanks to our free revisions, there is no way for you to be unsatisfied. We will work on your paper until you are completely happy with the result.

Read more

Privacy policy

Your email is safe, as we store it according to international data protection rules. Your bank details are secure, as we use only reliable payment systems.

Read more

Fair-cooperation guarantee

By sending us your money, you buy the service we provide. Check out our terms and conditions if you prefer business talks to be laid out in official language.

Read more
error: Content is protected !!