Question
johnson inc non straegic investment portfollow at dec 31, 2019 consisted of the following 10400 Xavier corp. common share at cost $170040and fair value is
johnson inc non straegic investment portfollow at dec 31, 2019 consisted of the following 10400 Xavier corp. common share at cost $170040and fair value is $150800 14,50 Young inc. common share at cost $75400 fair cost is $ 71920 the fair value adjustments were recorded on dec. 31, 2019 johnson had no other debt and equity investments at dec 31 2019 other than those shown above during 2020, Johnson engaged in the following transactions 2020 jan17. sold 950 common shares of young inc. for $ 45600 . Johnson inc. planned to hold these shares for less than one year mar. 3 purchased 5400 common share of Allen corp. for $324000 . The sharea represent a 30% ownership in allen corp. jornalise the above transactions
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