Thursday
April 24, 2014

Homework Help: accounting

Posted by Andrew on Saturday, April 20, 2013 at 12:15pm.

Ziegler Corporation purchased 25,000 shares of common stock of the Sherman Corporation for $40 per share on January 2, 2010. Sherman Corporation had 100,000 shares of common stock outstanding during 20 I3, paid cash dividends of $120.000 during
20 I3, and reported net income of $400,000 for 20 I3. Ziegler Corporation should report revenue from investment for 20 I3 in the
amount of
a. $30,000.
b. $100,000.
c. $70,000.
d. $110,000.

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