Question
When an investor company owns 25% of an investee company s common stock, the investor is said to have: little or no influence over the
"When an investor company owns 25% of an investee company s common stock, the investor is said to have:"
little or no influence over the investee company. | ||
a significant influence over the investee company. | ||
a minor influence over the investee company. | ||
a controlling interest over the investee company. |
"On January 1 of the current year, Barton Co. paid $900,000 to purchase two-year, 8%, $1,000,000 face value bonds that were issued by another publicly-traded corporation. Barton plans to sell the bonds in the first quarter of the following year. The fair value of the bonds at the end of the current year was $1,020,000. At what amount should Barton report the bonds in its balance sheet at the end of the current year?"
"$900,000 " | ||
"$950,000 " | ||
"$1,000,000 " | ||
"$1,020,000 " |
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