ACCOUNTING 2140-On January 1, 2014, Swifty Corporation purchased 36%

by | Mar 18, 2020 | Uncategorized

  

On January 1, 2014, Swifty Corporation purchased 36% of the common stock outstanding of Blossom Corporation for $750000. During 2014, Blossom Corporation reported net income of $190000 and paid cash dividends of $80000. The balance of the Stock Investments—Blossom account on the books of Swifty Corporation at December 31, 2014 is

  

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