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Cow Corporation purchased 10,000 shares of Chicken Corporation, representing a 40% ownership interest, paying $80 per share. Cow received a cash dividend of $10
Cow Corporation purchased 10,000 shares of Chicken Corporation, representing a 40% ownership interest, paying $80 per share. Cow received a cash dividend of $10 per share from Chicken. Half of the shares were then sold for $450,000. After the sale, the balance in Cow's books for Investment in Chicken Corporation is O $450,000. $350,000. $250,000. O $400,000.
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Survey of Accounting
Authors: Edmonds, old, Mcnair, Tsay
2nd edition
9780077392659, 978-0-07-73417, 77392655, 0-07-734177-5, 73379557, 978-0073379555
