=+Note 2. The investment in Nahum Co. stock is an equity method investment representing 32% of the

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=+Note 2. The investment in Nahum Co. stock is an equity method investment representing 32% of the outstanding shares of Nahum Co.

The following selected investment transactions occurred during 2011:

2011 May 5 . Purchased 500 shares of High-Star, Inc., at $29 per share plus a $100 brokerage commission.

June 12. Dividends of $1.25 per share are received on the Dynasty Co. stock investment.

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Accounting

ISBN: 978-1111001346

23rd Edition

Authors: Carl S. Warren

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