Question: On January 1 , 2 0 2 2 , Mossy Company purchased 2 0 , 0 0 0 shares ( 1 5 % of the

On January 1,2022, Mossy Company purchased 20,000 shares (15% of the outstanding voting shares) of Knoll Corporation's $1 par value common stock at a cost of $100 per share as a long-term investment. The following information is available for the year ended December 31,2022:
\table[[Knoll's share price at 1231?22,$96
On January 1,2022, Mossy Company purchased 20,000 shares (15% of the

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