Project Description:

on january 1, 2010, maya corporation purchased 35% of the outstanding common stock of william corporation for $500,000. maya has significant influence in the decision making process at mona corporation. during 2010, william corporation reported net income of $400,000 and paid cash dividends of $300,000.

a) what was the balance of the stock investments—william account on the books of maya corporation at december 31, 2010?

b) explain why you chose the method used to compute your answer.
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Price Type: Negotiable

Total Proposals: 2
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