On january 1, 2011, nana company paid 100,000 for 8,000 shares of papa company common stock. these securities were classifed as trading securities. the ownership in papa company is 10%. papa reported net income of $52,000 for the year ended december 31, 2011. the fair value of the papa stock on that date was $45 per share. what amount will be reported in the balance sheet of nana company for the investment in papa at december 31, 2011?
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On january 1, 2011, nana company paid 100,000 for 8,000 shares of papa company common stock. these s...
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