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Business, 20.08.2019 17:20 SmokeyRN

On january 1, 2011, nana company paid 100,000 for 8,000 shares of papa company common stock. these securities were classifed as trading securities. the ownership in papa company is 10%. papa reported net income of $52,000 for the year ended december 31, 2011. the fair value of the papa stock on that date was $45 per share. what amount will be reported in the balance sheet of nana company for the investment in papa at december 31, 2011?

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On january 1, 2011, nana company paid 100,000 for 8,000 shares of papa company common stock. these s...
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