Prior to 2010 brooks invested 22553000 in norton industries, Ask an Expert

Accounting

Prior to 2010, Brooks invested $22,553,000 in Norton Industries and has not changed its holdings this year. This investment in Norton Industries was valued at $21,523,000 on December 31, 2009. Brooks' 12% ownership of Norton Industries has a current market value of $22,258,000.need an adj journal entry for 2010.

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Accounting Basics, Accounting

Category:- Accounting Basics
Reference No.:- M9975266

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