Business
Business, 19.05.2020 18:09, braphi5609

Blossom, Inc. acquired 40% of Splish Corporation's voting stock on January 1, 2021 for $1100000. During 2021, Splish earned $430000 and paid dividends of $270000. Blossom's 40% interest in Splish gives Blossom the ability to exercise significant influence over Splish's operating and financial policies. During 2022, Splish earned $530000 and paid cash dividends of $170000 on April 1 and $170000 on October 1. On July 1, 2022, Blossom sold half of its stock in Splish for $690000 cash. The carrying amount of this investment in Blossom's December 31, 2021 balance sheet should be

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Blossom, Inc. acquired 40% of Splish Corporation's voting stock on January 1, 2021 for $1100000. Dur...

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