What amount will be reported in the balance-sheet, Managerial Accounting

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What amount will be reported in the balance-sheet

On Jan1, 2009, Nana Co. paid $100,000 for 8000 shares of Papa Co. common stock. These securities were classified as trading securities. The ownership in Papa Co. is 10%. Papa reported net income of $52,000 for the year ended Dec 31, 2009. 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 Co. for the investment in Papa at Dec 31, 2009?

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Managerial Accounting: What amount will be reported in the balance-sheet

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Managerial Accounting: What amount will be reported in the balance-sheet

Reference No:- TGS083393

Have a Question? (oR Write a Review)

Recent Questions Asked Managerial Accounting

Q : The topic for this problem is aerobic respiration

Q : A large office that is over 300 meters

Q : How many units must be produced during the month

Q : What would be the size of the resulting deadweight loss

Q : What amount will be reported in the balance-sheet

Q : Are there other ways in which decisions can be linked

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Q : What would be the total combined direct labor cost

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Request for Solution File

Ask an Expert for Answer!!

Managerial Accounting: What amount will be reported in the balance-sheet

Reference No:- TGS083393

Recent Questions Asked Managerial Accounting

Q : The topic for this problem is aerobic respiration

Q : A large office that is over 300 meters

Q : How many units must be produced during the month

Q : What would be the size of the resulting deadweight loss

Q : What amount will be reported in the balance-sheet

Q : Are there other ways in which decisions can be linked

Q : What was her interest rate

Q : What would be the total combined direct labor cost

Q : Write a basic syntax of the alter command

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