Question: need help with fair value method 27. On January 1, 2011 Taylor Inc. purchased 10,000 of the 100,000 outstanding shares of common stock of Swanson

need help with fair value method

27. On January 1, 2011 Taylor Inc. purchased 10,000 of the 100,000 outstanding shares of common stock of Swanson Company for $30 per share. The records of Swanson Company reported the following on December 31, 2010: Net Income Dividends declared and paid Market price per share $250,000 $20,000 $31 Taylor Inc. should report investment income on its income statement in the amount of: A) $20,000 B) $6,000 C) $12,000 D) $2,000 E) $25,000

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