Business, 05.08.2019 19:30 droidd133

Assume that reed company purchases 18,000 common shares of aiello company for $8 cash per share. during the year, reed receives a cash dividend of $0.90 per common share from aiello, and the year-end market price of aiello common stock is $9 per share. reed company classified the investment as trading securities.
how much income does reed report relating to this investment for the year?
select one:
a. $18,000
b. $145,800
c. $144,000
d. $34,200

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Assume that reed company purchases 18,000 common shares of aiello company for $8 cash per share. dur...

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