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As a long-term investment, Bravo Company decided to purchase stock in Zulu Corporation. Bravo purchased 10,000...

As a long-term investment, Bravo Company decided to purchase stock in Zulu Corporation. Bravo purchased 10,000 shares for a 10 percent ownership share at a cost of $10 per share on January 1, 2016. Zulu Corporation's net income in 2016 was $25,000, and they paid total dividends of $10,000. At the end of 2016, the Dow Jones market price for that Zulu stock was $12 per share. Based on this information, $__________ should be reported on the balance sheet for this investment on December 31, 2016

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ekkarill92 answered 1 year ago
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