On January 2, 2020, Howdy Doody Corporation purchased 15% of Ranger Corporation's common stock for $56,000. Ranger's net income for the years ended December 31, 2020, and December 31, 2021, were $19,000 and $51,000, respectively. During 2020, Ranger declared and paid a dividend of $66,000. On December 31, 2020, the fair value of the Ranger stock owned by Howdy Doody had increased to $69,000. How much should Howdy Doody show in the 2020 income statement as income from this investment?

The Total amount shown as an income from this investment $22,900

Explanation:

The computation fo the income from this investment is shown below:

Dividend received ($66,000 × 15%) $9,900

Increase in Fair value of Stock ($69,000 - $56,000) $13,000

The Total amount shown as an income from this investment $22,900

We simply added the dividend received and the increase in fair value so that the total amount could come

being born in poverty would limit the people's chances, opportunities and benefits.

this happen because of several things, such as:

- poor people tend to gain less access to good education and nutrition. this mean that their chance to obtain high paying jobs would also be limited.

- poor people tend to socialize with other poor people while the rich tend to socialize with other rich people. this means that simply throguh their social circle, rich people would have more business opportunities compared to the poor people.

- rich people tend to have more capital in their disposal. this would benefit them in business since it is far easier for them to fund their business operation compared to poor people.