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On June 27, 2018, Cara Van Travel distributed to its common shareholders 400,000 outstanding common shares of its investment in Constance Noring Pillows. The book value on Van's books of Noring's $1 par common stock was $2 per share. Immediately after the distribution, the market price of Noring's stock was $2.50 per share. In its income statement for the year ended June 30, 2020, what amount should Noring report as gain on disposal of the stock (ignore taxes) ?
Public Funding
Public funding consists of financial resources provided by government bodies to support various programs, projects, and institutions, including education, healthcare, and public services.
Presidential Primary
A primary election in which voters select candidates to run for President, typically leading to the nomination of a party's candidate.
Individual Contributions
Financial or other forms of contributions made by individuals, often in the context of political campaigns, charitable donations, or crowdfunding efforts.
527s
Political organizations that can raise unlimited funds for political activities provided they do not coordinate directly with a candidate or political party.
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