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Hat Inc.purchased 10,000 shares of Cat Co.'s common shares for $10 a share on January 1.During the year, Cat paid a $50,000 cash dividend and earned $300,000 net income.On December 31, the market value of Cat's stock was $8 a share.The investment is to be held as a long-term investment and the decline in value is not considered permanent.
-Assuming Hat owned 10 percent of Cat's outstanding voting shares; Hat would report the net carrying value of their investment account as:
Group Membership
Belonging or being a part of a particular group, organization, or category of people.
Unfair Treatment
Acts of discrimination or injustice towards individuals or groups, often based on bias, prejudice, or favoritism.
Discrimination
Unfair or prejudicial treatment of individuals based on characteristics such as race, gender, age, or sexual orientation.
Vicious Cycle
A sequence of reciprocal cause and effect where a negative situation is perpetuated, often leading to a deterioration of the situation over time.
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