Adam Corporation purchased 3,000 shares of Ozark Company’s common stock for $12 per share as a long-term available-for-sale investment on June 30, 2014. Ozark declared and paid a cash dividend of $1.00 per share on its common stock on September 30, and had a closing fair value of $18 per share on December 31. Assuming this investment is appropriately accounted for using the fair value method, it will increase Adam’s 2014 income before taxes by:
POETRY ARCHIVE FOUNDATION
Where Words Inspire, Connect, and Transform
Adam Corporation purchased 3,000 shares of Ozark Company’s common stock for $12 per share as a long-term available-for-sale investment on June 30,…
POETRY ARCHIVE
Welcome to a world where words dance and emotions take flight. Each poem here is a reflection of life’s beauty, struggles, and mysteries. Read, feel, and let the verses speak to you.