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How much is the cost per share of Investment in Blaire Company on December 31, 2021?

How much is the cost per share of Investment in Blaire Company on December 31, 2021?

FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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On December 31, 2021, Scott Company received the following dividends: Investee Company Investee's No. of shares Cost per share Percentage of ownership Type of dividends Dividends per share Frost Company 100,000 200 10% Cash 20 Grey Company 200,000 250 15% Property 25 Blaire Company 250,000 280 12% Shares 30 Grey Company will distribute its shares to Summers Company. How much is the total dividend income reported on December 31, 2021?
Transcribed Image Text:On December 31, 2021, Scott Company received the following dividends: Investee Company Investee's No. of shares Cost per share Percentage of ownership Type of dividends Dividends per share Frost Company 100,000 200 10% Cash 20 Grey Company 200,000 250 15% Property 25 Blaire Company 250,000 280 12% Shares 30 Grey Company will distribute its shares to Summers Company. How much is the total dividend income reported on December 31, 2021?
On December 31, 2021, Scott Company received the following dividends: Investee Company Investee's No. of shares Cost per share Percentage of ownership 10% 15% 12% Frost Company Type of dividends Dividends per share 100,000 200 Cash 20 Grey Company 200,000 250 Property 25 Blaire Company 250,000 280 Shares 30 Grey Company will distribute its shares to Summers Company. How much is the cost per share of Investment in Blaire Company on December 31, 2021?
Transcribed Image Text:On December 31, 2021, Scott Company received the following dividends: Investee Company Investee's No. of shares Cost per share Percentage of ownership 10% 15% 12% Frost Company Type of dividends Dividends per share 100,000 200 Cash 20 Grey Company 200,000 250 Property 25 Blaire Company 250,000 280 Shares 30 Grey Company will distribute its shares to Summers Company. How much is the cost per share of Investment in Blaire Company on December 31, 2021?
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