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What is the initial measurement of investment in docter corp

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Problem 1: On January 1, 2014, Plantation Company purchased 40,000 shares of Docter Corp. at $100 per share. The investment is measured at fair value through other comprehensive income. Brokerage fees amounted to $120,000 were also paid by Plantation. A $5 dividend per share was declared by Docter Corp on December 15, 2013, to be paid on March 31, 2014 to shareholders of record on January 31, 2014. What is the initial measurement of the investment in Docter Corp?

Reference no: EM132913807

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