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On January 1,2010,as a long-term investment in available-for-sale securities,John Company purchased 1,000 of the 10,000 outstanding voting common shares of Wayne Corporation at $9 per share.Wayne reported 2010 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 2010 was $10 per share.Calculate the carrying value of John's investment at the end of 2010.
Loss
Loss refers to the situation in which the total costs exceed the total revenues of a business or transaction, resulting in a negative profit.
Simultaneous-Move
A strategy in game theory where all players make their moves at the same time, unaware of the choices other players are making.
Mixed Strategy
In game theory, a strategy where a player can choose between multiple options with certain probabilities.
Sequential
Pertaining to or following a logical order or sequence, where actions take place one after another.
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