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    The document shows financial information for Boorish Company for 2020 and 2021. It lists the company's share of net income, amortization of excess equipment, and investment income for each year. It also provides the acquisition cost, investment income, cash dividends, and carrying amounts for the investment as of December 31, 2020 and December 31, 2021.

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    The document shows financial information for Boorish Company for 2020 and 2021. It lists the company's share of net income, amortization of excess equipment, and investment income for each year. It also provides the acquisition cost, investment income, cash dividends, and carrying amounts for the investment as of December 31, 2020 and December 31, 2021.

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    © All Rights Reserved
    Download as XLSX, PDF, TXT or read online from Scribd
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    202 views1 page

    Problem 17-1

    Uploaded by

    nel janiola
    The document shows financial information for Boorish Company for 2020 and 2021. It lists the company's share of net income, amortization of excess equipment, and investment income for each year. It also provides the acquisition cost, investment income, cash dividends, and carrying amounts for the investment as of December 31, 2020 and December 31, 2021.

    Copyright:

    © All Rights Reserved
    Download as XLSX, PDF, TXT or read online from Scribd
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    of 1

    Boorish Company

    2020
    Share in net income 1,200,000.00
    Ammortization of excess attributable to equipment - 200,000.00
    Investment Income 1,000,000.00
    2021
    Share in net income 1,800,000.00
    Ammortization of excess attributable to equipment - 200,000.00
    Investment Income 1,600,000.00

    Acquisition Cost 5,000,000.00


    Investment Income - 2020 1,000,000.00
    Cash Dividend - 900,000.00
    Carrying amount-December 31, 2020 5,100,000.00
    Investment Income - 2021 1,600,000.00
    Cash Dividend - 1,500,000.00
    Carrying amount-December 31, 2021 5,200,000.00

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