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On 1109 williams company paid 1200000 for its investment in

Question - On 1/1/09 Williams Company paid 1,200,000 for its investment in 60,000 shares of C-Company stock.

C-Company has 200,000 share of stock issued. The book value and fair value of C-Company net assets are both $4,000,000 at 1/1/09. Consider the following:

Net Income $200,000

Dividends declared and paid $60,000

Market price/common stock 12/31/09 $22/share

What is Williams Company's 2009 balance sheet for C-Company investments?

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Accounting Basics: On 1109 williams company paid 1200000 for its investment in

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