Social Studies, 03.12.2019 17:31 nick607
Bendi corp. purchased 1,000 shares of kala corp. for $16 per share. the investment represents 5% ownership, and bendi does not have significant influence. the fair value at year-end is $15 per share. assuming no other transactions occurred, where would the $1 per share difference be reported on the year-end financial statements?
a. other income and (expense).
b. other comprehensive income.
c. operating income.
d. none of the above.
Answers: 1
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Bendi corp. purchased 1,000 shares of kala corp. for $16 per share. the investment represents 5% own...
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