This is a very nice paper and reads very well. Thank you for another job well done!
On January 1, 2017, XYZ Company purchased 10,000 shares of the stock of Perry Co, and did obtain significant influence. The investment is intended as a long-term investment. The stock was purchased for $50,000, and represents a 40% ownership stake. Perry made $60,000 of net income in 2017, and paid dividends of $10,000. The price of Perry’s stock increased from $5 per share at the beginning of the year, to $7 per share at the end of the year.
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