The table below shows the amounts of investment made by Karen and her friends in a new business venture. They decided to split the business into 2 500 shares. Member Investment Shares Ownership Karen P20 000 196 Linda P10 000 3.92% Manny P30 000 11.76% Ogor P120 000 1177 Pippa P75 000 735 Total 2 500 100%

The table below shows the amounts of investment made by Karen and her friends in a new business venture. They decided to split the business into 2 500 shares. Member Investment Shares Ownership Karen P20 000 196 Linda P10 000 3.92% Manny P30 000 11.76% Ogor P120 000 1177 Pippa P75 000 735 Total 2 500 100%

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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What is Elaine’s basis in her Forest Corporation stock?
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