On January 1,2019,as a Long-Term Investment,John Company Purchased 1,000 of the 10,000

question 31

Essay

On January 1,2019,as a long-term investment,John Company purchased 1,000 of the 10,000 outstanding voting common shares of Wayne Corporation at $9 per share.Wayne reported 2019 net income of $30,000 and declared and paid cash dividends of $20,000.The market price of the Wayne stock at the end of 2019 was $10 per share.Calculate the carrying value of John's investment at the end of 2019.

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Definitions:

Social Releaser

A stimulus originating from one individual that triggers a social response or behavior in another individual.

Male Courtship Ritual

Involves the behaviors and activities performed by males in a species to attract a mate.

Consummatory

Relating to the completion of an action or process, such as the act of consuming food or drink.

Appetitive

Refers to behaviors or processes associated with seeking out and approaching positive or desired stimuli.