Question: Port Company purchased 30 000 of the 100 000 outstanding shares of

Port Company purchased 30,000 of the 100,000 outstanding shares of Sund Company common stock on January 1, 20X2, for $180,000. The purchase price was equal to the book value of the shares purchased. Sund reported the following:


Required
Compute the amounts Port Company should report as the carrying values of its investment in Sund Company at December 31, 20X2, 20X3, and20X4.
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  • CreatedMay 23, 2014
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