On January 1,2020 H.E. Pennypacker Corp. purchased 20,000 shares of Putumayo for $20...
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On January HE Pennypacker Corp. purchased shares of Putumayo for $ per share. Pennypacker owns of Putumayo's common stock and has 'significant influence' over Putumayo. For the year ended December Putumayo declares and pays total dividends to all of its investors of $ and reports net income of $ As of December the market price of Putumayo shares has risen to be $ per share. What will be the value of Pennypacker's investment in Putumayo on its balance sheet as of December 
On January HE Pennypacker Corp. purchased shares of Putumayo for
$ per share. Pennypacker owns of Putumayo's common stock and has 'significant
influence' over Putumayo. For the year ended December Putumayo declares
and pays total dividends to all of its investors of $ and reports net income of
$ As of December the market price of Putumayo shares has risen to
be $ per share.
What will be the value of Pennypacker's investment in Putumayo on its balance sheet as
of December
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