subject
Business, 29.08.2020 18:01 rebekah052482

During year 3, Gilman Co. purchased 5,000 shares of the 500,000 outstanding shares of Meteor Corp.'s common stock for $35,000. During year 3, Gilman received $1,800 of dividends from its investment in Meteor's stock. The fair value of Gilman's investment on December 31, year 3, is $32,000. Gilman has elected the fair value option for this investment. What amount of income or loss that is attributable to the Meteor stock investment should be reflected in Gilman's earnings for year 3

ansver
Answers: 3

Another question on Business

question
Business, 21.06.2019 15:00
Abroker showed one of his own listings to a buyer he was representing. the buyer decided to make an offer on the property, which was accepted. at no point did the broker disclose his dual agency status. the broker may be:
Answers: 3
question
Business, 21.06.2019 20:30
Partnerships are the most common type of business firms in the world. t/f
Answers: 3
question
Business, 22.06.2019 08:20
Which change is illustrated by the shift taking place on this graph? a decrease in supply an increase in supply o an increase in demand o a decrease in demand
Answers: 3
question
Business, 22.06.2019 18:00
Companies under market structures are independent
Answers: 2
You know the right answer?
During year 3, Gilman Co. purchased 5,000 shares of the 500,000 outstanding shares of Meteor Corp.'s...
Questions
question
Mathematics, 12.01.2021 03:10
question
Biology, 12.01.2021 03:10
Questions on the website: 13722359