Assessing Financial Statement Effects Investments On January 1, Ball Corporation purchased shares of Leftwich Company...
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Assessing Financial Statement Effects Investments On January 1, Ball Corporation purchased shares of Leftwich Company common stock. (1) Ball purchased 10,000 common shares of Leftwich at $12 cash per share. (2) Leftwich reported annual net income of $70,000. (3) Ball received a cash dividend of $1.20 per common share from Leftwich. (4) Year-end market price of Leftwich common stock is $19 per share. Use negative signs with answers, when appropriate. (1) Ball purchased 10,000 common shares of Leftwich at $12 cash per share. (2) Leftwich reported annual net income of \$70,000. (3) Ball received a cash dividend of $1.20 per common share from Leftwich. (4) Year-end market price of Leftwich common stock is $19 per share
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