Business, 31.10.2019 06:31 jadenyankey
1. on january 1, 2010, swanson company buys 300,000 shares of lifesys, inc.’s common stock for $1,800,000, the book value of the shares. this purchase gave swanson a 30% ownership in lifesys and the ability to exercise significant influence over operating and financing decisions. during 2010, lifesys reported net income of $500,000 and paid a $1.20 per share dividend. what is the balance in swanson’s investment in lifesys account at december 31, 2010?
Answers: 3
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1. on january 1, 2010, swanson company buys 300,000 shares of lifesys, inc.’s common stock for $1,80...
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