Common stock as a long term investment steig corporation


At a total cost of 2000000 steig. Corporation acquired 160000 shares of larson corp. Common stock as a long term investment. Steig. Corporation uses the equity method of accounting for this investment. Larson corp. Has 400000 shares of common stock outstanding including the shares acquired by steig corporation. Larson corp reports net income of 1200000 for the current period? A cash dividend of $2.00 per common share is paid by larson corp. During the current period.

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Financial Accounting: Common stock as a long term investment steig corporation
Reference No:- TGS01220226

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