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Business, 03.05.2021 23:20 caleelwittmann31

On January 2, 2020, Motorola Solutions Inc. purchased 12% of Civitas Solutions's common stock for $57,000. During 2020, Civitas Solutions declared and paid a dividend of $65,500. Civitas Solutions's net income for the year ended December 31, 2020 was $13,000. On December 31, 2020, the fair value of the Civitas Solutions stock owned by Motorola Solutions Inc. had increased to $74,000. How much should Motorola Solutions Inc. show in the 2020 income statement (as part of Net Income) as income from this investment

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On January 2, 2020, Motorola Solutions Inc. purchased 12% of Civitas Solutions's common stock for $5...
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