thatonestudent5716 thatonestudent5716

20-02-2020
Business

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No other transactions took place for Flax during the remainder of the year. The investment represents no more than 4% of ownership in Flax Corp. At December 31, Year 1, Flax is trading at $10 per share. At what amount should Janson report the investment in equity securities of Flax in its December 31, Year 1, balance sheet

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oloruntoba24 oloruntoba24

20-02-2020

Answer: 0.04

Explanation: The Investment represents no more than 4% and As at 31st Dec31st Flax is trading at $10 Per share

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