Business, 28.06.2019 17:40 elviaortiz402373

Abc company owns 1000 shares of xyz company, which is not a large enough amount to gain significant influence over xyz company, and uses the cost method to account for it. abc purchased the stock at $20.00 per share, but by the end of the year, it was selling at $25.00 per share. a dividend of $500.00 was issued. how much investment income should abc company report?

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Abc company owns 1000 shares of xyz company, which is not a large enough amount to gain significant...

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