On january 2, 2010, howdy doody corporation purchased 12% of ranger corporation's common stock for $50,000 and classified the investment as available for sale. ranger's net income for the years ended december 31, 2010 and 2011, were $10,000 and $50,000, respectively. during 2011, ranger declared and paid a dividend of $60,000. there were no dividends in 2010. on december 31, 2010, the fair value of the ranger stock owned by howdy doody had increased to $70,000. how much should howdy doody show in the 2011 income statement as income from this investment?

the correct answer is economics is a game without winners or losers.

unlike sports or games economic is a game without losers or winner rather it is a game where everyone wins. parties of business doing businesses exchange money with each other and hence exchange is done on the basis of goods. one party takes the goods and other sales it so there is winner on both sides. each party values more highly the good it gets than the good it gives up. both sides exchange only because both intend to increase their value. so there is no concept of lose or win.

answer; only identify and interpret trends in the marketplace;