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The beginning balance sheet of Stemp Source Co. Included a $300,000 investment in Ethan Mock (30% ownership. Stamp has significant influence over Enan) During the
The beginning balance sheet of Stemp Source Co. Included a $300,000 investment in Ethan Mock (30% ownership. Stamp has significant influence over Enan) During the year, Samp Source completed the following investment Real the mure Stamp Source Co. Balance Sheet (Part December 31, 2124 Assets Current Assets Long-term Assetsc Cputy Is a fair value) Etyments-Ehen aty meto Amulated Other Con Stockholders' Equity Requirement & Where is the urrealet holding gun or loss associated with the JJ stock por The gr Choce from any let or artar any number in the input fide and then continue to the next question More info M3 May 15 Purchased 3.000 shares at $13 per share of JJ Softwarecomman stock a tem equity investment, representing 8% ownership significant infance Received a cach hodend of $0.81 per share on the J Dec 15 Received a cash dividend of 100,000 from Ethan mestment Dec 31 Received Char's aval mport showing $120,000 of me Dec. 31 Dec 31 Reserved Js annual report showing $700.000 al met income for the you Ehun's stock for value al year and was 5276.000 Des 31 Ws common stock fair value at your end was 114ger share Po Done Current Assets: Stamp Source, Co. Balance Sheet (Partial) December 31, 2024 Assets Long-term Assets: Equity Investments (at fair value) Equity Investments-Ethan (equity method) Stockholders' Equity Accumulated Other Comprehensive Income: More Info - Mar. 3 May 15 Purchased 9,000 shares at $13 per share of JJ Software common stock as a long- term equity investment, representing 8% ownership, no significant influence. Received a cash dividend of $0.81 per share on the JJ investment. Dec. 15 Dec. 31 Received a cash dividend of $60,000 from Ethan investment. Received Ethan's annual report showing $120,000 of net income. Dec. 31 Dec. 31 Received JJ's annual report showing $700,000 of net income for the year. Ethan's stock fair value at year-end was $276,000. Dec. 31 JJ's common stock fair value at year-end was $14 per share. Requirement 4. Where is the unrealized holding gain or loss associated with the JJ stock reported? The unrealized holding gain or loss associated with the Lill stock is included on the income statement in the Choose from any list or enter any number in the input fields and then continue to the next
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