Gregory inc. get 20 of the outstanding common stock of, Ask an Expert

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Gregory Inc. get 20% of the outstanding common stock of Handerson Inc. on December 31, 2012. The purchase price was $1,320,000 for 50,000 shares. Handerson Inc. declared and paid an $0.87 per share cash dividend on June 30 and on December 31, 2013. Handerson reported total income of $741,000 for 2013. The fair value of Handerson's stock was $32 per share at December 31, 2013.

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Basic Finance, Finance

Category:- Basic Finance
Reference No.:- M915916

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