Tuesday, September 9, 2008

Chapter 1 Problem 21

Investment Account:
Beginning 335
+ Inv. Inc 16.56 (see computation below)
- Div 9
Ending 342.56

Equity Inv. Income:
NI 90 x .3 27
-Amort (9)
+ ICP recog + 1.2
-ICP deferred (2.64)
Balance 16.56

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