Vaughn Inc. acquired all of the outstanding common stock of…

Vaughn Inc. acquired all of the outstanding common stock of Roberts Co. on January 1, 2020, for $276,000. Annual amortization of $21,000 resulted from this acquisition. Vaughn reported net income of $80,000 in 2020 and $60,000 in 2021 and paid $24,000 in dividends each year. Roberts reported net income of $50,000 in 2020 and $57,000 in 2021 and paid $12,000 in dividends each year. What is the Investment in Roberts Co. balance on Vaughn’s books as of December 31, 2021, if the initial value method has been applied?

A 56-year-old sports store manager comes to your clinic, com…

A 56-year-old sports store manager comes to your clinic, complaining of severe left-sided abdominal pain for 12 hours. He began having a stomachache yesterday, with a decreased appetite, but today the pain seems to be just on the lower left side. He has had some nausea and vomiting but no constipation or diarrhea. His last bowel movement was last night and was a little loose. He has had no fever or chills. He denies any recent illnesses or injuries. His past medical history is unremarkable. He is married. He denies any tobacco or drug use and drinks four to six beers per week. His mother has breast cancer and his father had coronary artery disease. On examination he appears ill and is lying on his right side. His temperature is 100.4 and his heart rate is 110. His bowel sounds are decreased and he has involuntary guarding and pain with palpation in the left lower quadrant. His rectal, inguinal, prostate, penile, and testicular examinations re normal. What is the most likely cause of his pain?

On January 1, 2021, Bangle Company purchased 30% of the voti…

On January 1, 2021, Bangle Company purchased 30% of the voting common stock of Sleat Corp. for $1,000,000. Any excess of cost over book value was assigned to goodwill. During 2021, Sleat paid dividends of $24,000 and reported a net loss of $140,000. What is the balance in the investment account on December 31, 2021?