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On January 2, Sharpe Company purchases 30% of the 10,000 outstanding shares of $10 par common stock of Barron Corporation at $30. Barron Corporation realizes net income of $50,000 and declares and pays cash dividends of $25,000 in the first year following acquisition by Sharpe Company.
1. The amount debited to Investment in Barron Corporation Stock is2. Sharpe Company's share of the $50,000 of net income amounts to3. Sharpe Company's share of the $25,000 of dividends amounts to4. Sharpe Company's net change in its investment in Barron Corporationaccount amounts to5. The balance in the investment in Barron Corporation account on Sharpe Company's books is
6. Unrealized Gain or Loss on Trading Investments is reported on the .......
7. Debt and equity securities purchased with the objective of making a short-term profit are ........
varilux manufactures a single product and sells it for 10 per unit. at the beginning of the year there were 1000 units
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