Bendi Corp. purchased 1,000 shares of Kala Corp. for $16 per share. The investment represents 5% ownership,
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Bendi Corp. purchased 1,000 shares of Kala Corp. for $16 per share. The investment represents 5% ownership, and Bendi does not have significant influence. The fair value at year-end is $15 per share. Assuming no other transactions occurred, where would the $1 per share difference be reported on the year-end financial statements?
a. Other Income and (Expense)
b. Other Comprehensive Income
c. Operating Income
d. None of the above
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Related Book For 
Horngrens Financial And Managerial Accounting The Managerial Chapters
ISBN: 9781292412337
7th Global Edition
Authors: Tracie Miller Nobles, Brenda Mattison, Ella Mae Matsumura
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