Question: 4. On August 1, 2017, Sohar Co. invests the OR 6,000 in Seeds, Inc. stock. Seeds pays Sohar OR 500 dividend on October 1, 2017.

4. On August 1, 2017, Sohar Co. invests the OR 6,000

4. On August 1, 2017, Sohar Co. invests the OR 6,000 in Seeds, Inc. stock. Seeds pays Sohar OR 500 dividend on October 1, 2017. Sohar sells the stock on October 31, 2017, for 6,900. Assume the investment is categorized as a trading investment. Required: a. Journalize the transactions for Sohar's investment in Seeds' stock. b. What was the net effect of the investment on Sohar's net income 2017

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