1&2) Investee Corp shares outstanding 50,000 1/1/21: Investor Corp pays for Investee stock $50/share 2021 Investee...
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1&2) Investee Corp shares outstanding 50,000 1/1/21: Investor Corp pays for Investee stock $50/share 2021 Investee Corp net income $40,000 2021 Investee Corp dividends declared $10,000 FMV of Investee Corp stock @ 12/31/21 $60 1) Assume Investor Corp purchased 5,000 shares of Investee stock. What amount will be reported for this investment on Investor's 12/31/21 balance sheet? a) $253,000 b) $250,000 c) $300,000 d) $280,000 2) Assume Investor Corp purchased 15,000 shares of Investee stock. What amount will be reported for this investment on Investor's 12/31/21 balance sheet? a) $780,000 b) $750,000 c) $900,000 d) $759,000 1&2) Investee Corp shares outstanding 50,000 1/1/21: Investor Corp pays for Investee stock $50/share 2021 Investee Corp net income $40,000 2021 Investee Corp dividends declared $10,000 FMV of Investee Corp stock @ 12/31/21 $60 1) Assume Investor Corp purchased 5,000 shares of Investee stock. What amount will be reported for this investment on Investor's 12/31/21 balance sheet? a) $253,000 b) $250,000 c) $300,000 d) $280,000 2) Assume Investor Corp purchased 15,000 shares of Investee stock. What amount will be reported for this investment on Investor's 12/31/21 balance sheet? a) $780,000 b) $750,000 c) $900,000 d) $759,000
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