On January 1, 2019, Gunther Corporation purchases a 20% interest in the Central Perk Coffee Corporation for $1,250,000. Both companies have a December 31 year-end. On January 1, 2019, Central Perk owned some equipment whose book value was $10,000 less than its fair value. The equipment had a remaining useful life of 5 years. At the end of 2019, Central Perk reports a net income of $250,000. Also on December 31, 2019, the market value of the investment in Central Perk shares is $1,270,000. On February 14, 2020, Central Perk pays a cash dividend. Gunther’s ownership entitles it to $95,000 of the dividend.
Record the purchase of the shares:
under the same status of wealth thus African Americans being different.
The individual societies can affect the way children see the world and others. “Imagine for a minute what kind of society it is in which some people can spend on a toy what it would cost to feed a family of six or seven”(391). Under those circumstances it could put children in a different mindset thinking only the rich are white and only the poor are black. From my own personal experience I believed that at one point. My family and I were not considered “working poor” or “poverty level”, however I still posited that any kid in my neighborhood or I could never be as rich. Being wealthy was exclusively a dream. Think of the diverse communities as a big cake. Whites get 75% of the cake being their ability to do everything under the sun with little to no worries while 25% is left for all the other minorities to split amongst themselves equally. Therefore needing a more efficient way in the hope that all children of each race are able to have their equal slice of the cake. As Smith mentioned in Short Stories for Students that “Bambara believed that African Americans needed to pursue a policy of resistance against the racism inherent in American society”.
Toni Bambara dug deep into the different societies of rich and poor families showing the different thinking styles of the children living in impoverished circumstance against the rich. When Sylvia reiterates what Ms. Moore has said before it means that people’s lives and personalities are molded by the status and atmosphere in which they live. The children’s perspective on life is opposed from those that shop at F.A.O Schwartz, because of their poor upbringing. Under those circumstances it could put children in a different mindset thinking only the rich are white and only the poor are black. Having unjust economic and social system creating unfair access to money and resources for black Americans is a prevalent theme in the story “The Lesson”.