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an. 14 Purchased 200 shares of Robotic stock, paying $ 52 per share. The investment represents 3 %((that's what the book says)) ownership in Robotic's
an. | 14 | Purchased 200 shares ofRobotic stock, paying$ 52 per share. The investment represents3 %((that's what the book says)) ownership inRobotic's voting stock.Dollar Bill does not have significant influence overRobotic. Dollar Bill intends to hold the investment for the indefinite future. | |
Aug. | 22 | Received a cash dividend of $ 0.44 per share on theRobotic stock. | |
Dec. | 31 | Adjusted the investment to its current market value of $ 47 per share. | |
31 | Robotic reported net income of$350,000 for the year ended2018. Classify and prepare a partial balance sheet and income statement for Dollar Bill Robotic investment as of December 31,2018. |
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