Sox Corporation purchased a 30% interest in Hack Corporation for $1,625,000 on January 1, 2021. On November 1, 2021, Hack declared and paid $1.5 million in dividends. On December 31, Hack reported a net loss of $5.1 million for the year. What amount of loss should Sox report on its income statement for 2021 relative to its investment in Hack

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; automated fingerprint;