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On January 1, 2018, Joiner, Inc. decides to invest in 11,200 shares of Pinto stock when the stock is seling for $19 per share. On
On January 1, 2018, Joiner, Inc. decides to invest in 11,200 shares of Pinto stock when the stock is seling for $19 per share. On June 1, 2018, Pinto paid a $1.20 per share cash dividend to stockholders. On December 31, 2018, Pinto reports net income of $65,000 for 2018. Assume Pinto has 28,000 shares of voting stock outstanding during 2018 and Joiner has significant influence over Pinto. Read the requirements. Requirement 1. Identify what type of investment the Pinto stock is for Joiner. Joiner's investment would be investment Requirements 1. Identify what type of investment the Pinto stock is for Joiner. 2. Journalize the transactions related to Joiner's Vestment in the Pinto stock during 2018 3. In what category and at what value would Joiner's report the investment on the December 31, 2018, balance sheet? Best in 11,200 st Wito paid a $1.20 per sha Ports net income of $65,000 for 20 Wing during 2018 and Joiner has significant in ents. tify what type of investment the Pinto stock is to uld be dhe investment a controlling interest a held-to-maturity a no significant influence a significant influence an available-for-sale Debit Credit Accounts and Explanation Equity Investments-Gelding Cash Purchased investment in stock (equity method) listar antor anu number in the input fields and then click Chan A
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