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On January 1, 2021, Lee Company paid $1,870,000 for 80,000 shares of Thomas Co.'s voting common stock which repres Significant influence over Thomas was achieved

On January 1, 2021, Lee Company paid

$1,870,000

for 80,000 shares of Thomas Co.'s voting common stock which repres Significant influence over Thomas was achieved by this acquisition. Thomas distributed a dividend of

$2.00

per share dur Thomas

Co

. account found in the financial records of Lee as of December 31, 2021?\ Multiple Choice\

$2,114,000

.\

$2,194,000

.\

$2,354,000

.\

$2,158,000

.\

$2,034,000

.

image text in transcribed
On January 1, 2021, Lee Company paid $1,870,000 for 80,000 shares of Thomas Co.'s voting common stock which repres Significant influence over Thomas was achieved by this acquisition. Thomas distributed a dividend of $2.00 per share dur Thomas Co. account found in the financial records of Lee as of December 31, 2021? Multiple Choice $2,114,000. $2,194,000. $2,354,000. $2,158,000. $2,034,000. On January 1, 2021, Lee Company paid $1,870,000 for 80,000 shares of Thomas Co.'s voting common stock which repres Significant influence over Thomas was achieved by this acquisition. Thomas distributed a dividend of $2.00 per share dur Thomas Co. account found in the financial records of Lee as of December 31, 2021? Multiple Choice $2,114,000. $2,194,000. $2,354,000. $2,158,000. $2,034,000

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