On january 1, 2011, pacer company paid $1,920,000 for 60,000 shares of lennon co.'s voting common stock which represents a 45% investment. no allocation to goodwill or other specific account was made. significant influence over lennon was achieved by this acquisition. lennon distributed a dividend of $2.50 per share during 2011 and reported net income of $670,000. what was the balance in the investment in lennon co. account found in the financial records of pacer as of december 31, 2011?

The balance in the Investment in Lennon Co. account found in the financial records of Pacer as of December 31, 2011 is $2,071,500

Explanation:

The computation of the investment balance is shown below:

= Investment amount + net income sharing percentage - dividend paid

where,

Investment amount = $1,920,000

Net income sharing percentage = Net income × given percentage

                                                      = $670,000 × 45%

                                                      = $301,500

And, the dividend paid equal to

= Number of shares × dividend per share

= 60,000 shares × $2.50

= $150,000

Now put these values to the above formula  

So, the value would equal to

= $1,920,000 + $301,500 - $150,000

= $2,071,500

answer; (inseparability);

odd consecutive integers are odd integers that follow each other. they have a difference of 2 between every two numbers. if n is an odd integer, then n, n+2, n+4 and n+6 will be odd consecutive integers. the first number in the pattern is always the variable on its own or in this case, "n". examples.