FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
10th Edition
ISBN: 9781259964947
Author: Libby
Publisher: MCG
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Blue Bell acquires 1,500 of the
10,000 shares of SweetCo on
January 1, 2022 for $600 per
share. SweetCo reports $500,000
of net income in 2022 and paid
$10 per share in dividends. Shares
of SweetCo traded for $620 per
share on December 31, 2022.
What amount will Blue Bell report
for this investment on December
31, 2022?
(Not asking for amount of income
Blue Bell will report)
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Transcribed Image Text:Blue Bell acquires 1,500 of the 10,000 shares of SweetCo on January 1, 2022 for $600 per share. SweetCo reports $500,000 of net income in 2022 and paid $10 per share in dividends. Shares of SweetCo traded for $620 per share on December 31, 2022. What amount will Blue Bell report for this investment on December 31, 2022? (Not asking for amount of income Blue Bell will report)
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