The following information was described in a note of Cebar Packing Co. During August, A. Belew Products
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The following information was described in a note of Cebar Packing Co. "During August, A. Belew Products Corporation pur- chased 311,003 shares of the Company's common stock which constitutes approximately 35% of the stock out- standing. A. Belew has since obtained representation on the Board of Directors." "An affiliate of A. Belew Products Corporation acts as a food broker for Cedar Packing in the greater New York City marketing area. The commissions for such services after August amounted to approximately $20,000." Why is this information disclosed?
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Related Book For
Intermediate Accounting 2007 FASB Update Volume 2
ISBN: 9780470128763
12th Edition
Authors: Donald E. Kieso, Jerry J. Weygandt, Terry D. Warfield
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