On january 1, 2018, 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 necessary. significant influence over lennon was achieved by this acquisition. lennon distributed a dividend of $2.50 per share during 2018 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, 2018?

James albemarle created a trust fund at the beginning of 2016. the income from this fund will go to his son edward. when edward reaches the age of 25, the principal of the fund will be conveyed to united charities of cleveland. mr. albemarle specified that 75 percent of trustee fees are to be paid from principal. terry jones, cpa, is the trustee. james albemarle transferred cash of $500,000, stocks worth $400,000, and rental property valued at $250,000 to the trustee of this fund. immediately invested cash of $360,000 in bonds issued by the u. s. government. commissions of $7,900 are paid on this transaction. incurred permanent repairs of $9,000 so that the property can be rented. payment is made immediately. received dividends of $8,000. of this amount, $3,000 had been declared prior to the creation of the trust fund. paid insurance expense of $4,000 on the rental property. received rental income of $10,000. paid $8,000 from the trust for trustee services rendered. conveyed cash of $7,000 to edward albemarle.

20. to add body to a hearty broth, you may use a. onions. b. pasta. c. cheese. d. water.

When making a major purchase, i often spend months to learn all the issues?