500 Word Memo

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$8 / hr
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$2 - $8 / hr

Project Description:
500 words
2 refs (no "wiki" sites)

You work in a CPA firm. Your manager walks into your cubicle and says, “One of our clients is thinking about investing in a company. He wants to know how he should account for this investment. Be prepared to discuss it with the client tomorrow.”

Write a memo to your manager giving your thoughts on how this should be handled by the client.

The situation is the following:

Company F purchased 40% of the outstanding stock of company K on June 30, 20XX.
Both of the companies have a December 31st, year end.
Company K is a publicly traded company and reports its net income to company F.
Company K also pays a hefty dividend to the shareholders of company F.
How should company F report the above facts on its December 31, 20XX balance sheet and income statement?
Support your answer.

Hours of work: 2 Project Duration: < 1 week Skills required:
Academic Writing, Accounting, Articles, Report Writing, Technical Writing
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surpluswriting United States
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