Question: 2 . On 1 / 1 / 2 0 1 3 Eyephone, Inc. purchases 1 0 0 , 0 0 0 shares of Apple (
On Eyephone, Inc. purchases shares of Apple ticker APL for $r share. The purchase represents hasta seaship stake in Apple. Throughout Apple pays a S per share dividend to common shareholders, and as of Apple stock is worth $ per share. For simplicity you can assume the declaration and payment of thedividends happen on the same dateWhat are the journal entries to record the purchase, dividend, and change in market value ofHow much income would Eyephone, Inc. record from the Apple investment in
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