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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.
Connective(s)
In logic, connectives are symbols that connect two statements or propositions to form a more complex proposition, such as "and", "or", "if...then", and "if and only if".
Symbolic Form
The representation of logical propositions using symbols to simplify notation and facilitate logical analysis.
Rotating
The act of turning around a central point or axis.
Natural Explanation
An explanation based on natural causes or phenomena, typically excluding supernatural or artificial factors.
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