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Acct P1-22 - $10,000 Amortization for year 2009 $2,200 Net...

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Andrew Townsend P1-22) a) Purchase Price on Jan 1, 2008 $52,000 Equity Income for year 2008 (15%) $12,000 Dividend payments for year 2008 (15%) $4,500 Amortization for year 2008 $1,000 Net Investment on Dec 31, 2008 $58,500 Purchase Price on Jan 1, 2009 $43,800 Equity Income for year 2009 (25%) $25,000 Dividend payments for year 2009 (25%)
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Unformatted text preview: $10,000 Amortization for year 2009 $2,200 Net Investment on Dec 31, 2009 $115,100 b) Income $25,000 Amortization $2,200 $22,800 c) Unrealized holding gains - Shareholder's equity $8,000 Fair value adjustment $8,000 Investment in Zach $6,500 Retained earnings $6,500...
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