You are a researcher working with the treasury department and the philadelphia historical society on a brochure that will introduce tourists visiting the first bank of the united states, the nation’s first federally chartered bank, which still stands at 120 south third street in philadelphia. in approximately 225-words, your brochure should explain why the bank was chartered, what services it provided, how long it was chartered, what competition the bank faced and what happened after the bank’s charter expired.

What cylinder head operation is the technician performing in this figure?

Grant, inc., acquired 30% of south co.’s voting stock for $200,000 on january 2, year 1, and did not elect the fair value option. the price equaled the carrying amount and the fair value of the interest purchased in south’s net assets. grant’s 30% interest in south gave grant the ability to exercise significant influence over south’s operating and financial policies. during year 1, south earned $80,000 and paid dividends of $50,000. south reported earnings of $100,000 for the 6 months ended june 30, year 2, and $200,000 for the year ended december 31, year 2. on july 1, year 2, grant sold half of its stock in south for $150,000 cash. south paid dividends of $60,000 on october 1, year 2. before income taxes, what amount should grant include in its year 1 income statement as a result of the investment?

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