Calculate the amounts to be reported by cameron inc

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Question - On January 1, 2011, Cameron, Inc. purchased 40% of the outstanding common stock of Lake Construction Company for $300 million cash. Lake reported net income for 2011 of $150 million and paid dividends totaling $30 million during 2011.

Required - Calculate the amounts to be reported by Cameron, Inc: (a) As an investment in Cameron's December 31, 2011 balance sheet. (b) As investment revenue in Cameron's 2011 income statement. (c) As an investing cash flow in Cameron's 2011 cash flow statement.

Reference no: EM133121075

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