Homework Answers
Given that:
Common stock = 56,000 Shares
Market value on December 31,2021 = $97
Market value on December 31,2021 = $111
So current investment in FedEx = 56,000 shares * $111
= $6,216,000
So Fair value through net income = ($111 - $97) * 56,000 shares
= $14 * 56,000 shares
= $784,000
So Fair value through net income is $784,000.
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was $1,168,400 for 50,800 shares. Kulikowski Inc. declared and paid
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