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[ The following information applies to the questions displayed below. ] Gioia Company acquired some of the 6 5 , 0 0 0 shares of
The following information applies to the questions displayed below.
Gioia Company acquired some of the shares of outstanding common stock no par of Tristezza Corporation during the current year as a longterm investment. The annual accounting period for both companies ends December The following transactions occurred during the current year:
January Purchased shares of Tristezza common stock at $ per share.
December a Received the current year financial statements of Tristezza Corporation that reported net income of $
December b Tristezza Corporation declared a cash dividend of $ per share.
December c Tristezza Corporation paid the cash dividend declared in b
December d Determined the market price of Tristezza stock to be $ per share.
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