HKCC Investment Limited engaged in investment activities with the following companies in 2022. Its financial year-end is December 31. ABC Limited Jan 1 Jun 30 Dec 31 HKCC acquired 80,000 shares of ABC Limited for $800,000 cash (it represents 25% of the outstanding ordinary shares). ABC declared and paid cash dividends of $0.5 each share. ABC Limited paid cash dividends

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Advanced Financial Accounting

6th edition

Authors: Thomas Beechy, Umashanker Trivedi, Kenneth MacAulay

ISBN: 978-0137030385