Reliables income statement for the year should report a. Investments of $68,800. b. An unrealized loss of

Question:

Reliable’s income statement for the year should report

a. Investments of $68,800.

b. An unrealized loss of $31,200.

c. Dividend revenue of $3,380.

d. A gain on sale of investment of $31,200.

Reliable Networks owns the following long-term equity investments (it does not have significant influence over any of its investments):

Cost per Number of Shares Year-end Fair Value per Share Dividend Company Share per Share Brine Corp. Signality, Inc. Sol

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Related Book For answer-question

Financial Accounting

ISBN: 978-0134725987

12th edition

Authors: C. William Thomas, Wendy M. Tietz, Walter T. Harrison Jr.

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Question Posted: Jun 19, 2019 08:25 AM

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Reliables income statement for the year should report a. Investments of $68,800. b. An unrealized loss of

Question:

Cost per Number of Shares Year-end Fair Value per Share Dividend Company Share per Share Brine Corp. Signality, Inc. Solo Ltd. $56 $77 $2.20 1,000 200 1.70 1.20 10 16 30 700

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Financial Accounting

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