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On January 15, 2020, QUEEN Company purchased 30,000 shares of GLOBAL Company at a value of $15 per share ,This

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On January 15, 2020, QUEEN Company purchased 30,000 shares of GLOBAL Company at a value of $15 per share ,This investment represents 30% of GLOBAL's value.

- On December 31, 2020, GLOBAL Company achieved profits of $150,000, and the market value of GLOBAL shares reached $20 per share.

-On January 15-2021, GLOBAL announced a dividend of $75,000.

- On 12/31/2021, GLOBAL Company achieved losses of $30,000, and the market value of shares reached $13 per share.

- On 1-3-2022, QUEEN Company sold all its shares in GLOBAL Company at a price of $450,000


Required :

Evidence of previous operations knowing that QUEEN exerts significant influence on GLOBAL's policies

Expert Answer:

Answer rating: 100% (QA)

A significant influence was exerted by the Queen on th View the full answer


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Related Book For  answer-question
Intermediate Accounting IFRS

Intermediate Accounting IFRS

ISBN: 978-1119372936

3rd edition

Authors: Donald E. Kieso, Jerry J. Weygandt, Terry D. Warfield

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Posted Date: July 22, 2022 21:51:29
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