On January 1, Year 4, Grant Corporation bought 16,000 (80%) ofthe outstanding common shares of Devy Company for $140,000 cash.Devy??s shares were trading for $7

On January 1, Year 4, Grant Corporation bought 16,000 (80%) ofthe outstanding common shares of Devy Company for $140,000 cash.Devyâ??s shares were trading for $7 per share on the date ofacquisition 1 answer