13 On January 3 2011 Haskins Corporation Acquired 40 Percent Of The Outstanding Comm 2843966
13. On January 3, 2011, Haskins Corporation acquired 40 percent of the outstanding common stock ofClem Company for $990,000. This acquisition gave Haskins the ability to exercise significant influenceover the investee. The book value of the acquired shares was $790,000. Any excess cost overthe underlying book value was assigned to a patent that was undervalued […]