- Equity Investments Less Than 20 Ownership On September 12 3 400 Shares Of Denver Company S Common Stock Are Acquired 1 (63.47 KiB) Viewed 11 times
Equity Investments: Less than 20% ownership On September 12, 3,400 shares of Denver
Company's common stock are acquired at a price of $39 per share plus a $170 brokerage commission. On October 15, an $0.90-per-share dividend was received on the Denver
Company stock. On November 10, 1,360 shares of the Denver
Company stock were sold for $34 per share less a $68 brokerage commission. At the end of the accounting period on December 31, the fair value of the remaining 2,040 shares of Denver
Company's stock was $33 per share. Denver
Company has 350,000 shares of common stock outstanding. Journalize the entries for the original purchase, dividend, sale, and change in fair value under the fair value method. If an amount box does not require an entry, leave it blank. Sep. 12 Oct. 15 Nov. 10 Dec. 31 0 000 00 0000 00