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13 10,000 shares of the 100,000 outstanding common shares of Todd Corporation for $400,000 3,000 shares of the 10,000 outstanding common shares of Carey Company

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13 10,000 shares of the 100,000 outstanding common shares of Todd Corporation for $400,000 3,000 shares of the 10,000 outstanding common shares of Carey Company for $135,000. 6,000 shares of the 50,000 outstanding common shares of Maris Company for $150,000. Other information: Per Share Fair Value at 12/31/13 $37 50 23 Dividends Declared and Net Income Paid in 2013 for 2013 Todd Corporation Carey Company Maris Company $50,000 80,000 25,000 $ 90,000 200,000 50,000 Instructions Prepare the journal entries for Gerber Corporation to record the acquisition of the long-term stock investments, the receipt of dividends, and any other necessary entries at year end on December 31, 2013. Assume that Gerber Corporation's ownership interest in each company remain constant throughout the year Problem -11-Long-term Investments (5 points) Gerber Corporation purchased the following long-term investments in stock securities on January

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