Heritage Ltd. was organized on January 2, 2023. The following invest.pdf
Heritage Ltd. was organized on January 2, 2023. The following invest.pdf
Heritage Ltd. was organized on January 2, 2023. The following investment transactions and events occurred during the following months: Assume that Heritage has a significant influence over Port with its 20% share.2023Jan.6Heritage paid $576,500 (including transaction fees of $50) for 50,100 shares (20%) of Port Inc. outstanding common shares.Apr.30Port declared and paid a cash dividend of $1.20 per share.Dec.31Port announced that its profit for 2023 was $490,000. Fair value of the shares was $11.90 per share.2024Oct.15Port declared and paid a cash dividend of $0.80 per share.Dec.31Port announced that its profit for 2024 was $640,000. Fair value of the shares was $12.28 per share.2025Jan.5Heritage sold all of its investment in Port for $683,000 cash..
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Heritage Ltd. was organized on January 2, 2023. The following invest.pdf
- 1. Heritage Ltd. was organized on January 2, 2023. The following investment transactions and events occurred during the following months: Assume that Heritage has a significant influence over Port with its 20% share.2023Jan.6Heritage paid $576,500 (including transaction fees of $50) for 50,100 shares (20%) of Port Inc. outstanding common shares.Apr.30Port declared and paid a cash dividend of $1.20 per share.Dec.31Port announced that its profit for 2023 was $490,000. Fair value of the shares was $11.90 per share.2024Oct.15Port declared and paid a cash dividend of $0.80 per share.Dec.31Port announced that its profit for 2024 was $640,000. Fair value of the shares was $12.28 per share.2025Jan.5Heritage sold all of its investment in Port for $683,000 cash.