Investment in cey stock


On January 1, 2012, Garr Company purchased 5,000 shares of Cey Company stock for $300,000. Garr investment represents 30 percent of the total outstanding shares of Cey. During 2012, Cey paid total dividends of $100,000 and reported net income of $300,000. What revenue does Garr report related to this investment and what is the amount to be reported as an investment in Cey stock at December 31.

Request for Solution File

Ask an Expert for Answer!!
Accounting Basics: Investment in cey stock
Reference No:- TGS050719

Expected delivery within 24 Hours