On January 1 of the current year, an entity purchased 10% of another entity’s ordinary shares. The entity purchased additional shares bringing its ownership up to 40% of the investee’s ordinary shares outstanding on August 1 of the current year. During October of the current year, the investee declared and paid a cash dividend on all of its outstanding ordinary shares. How much income from the investment should the entity report for the current year?

Cvp analysis, shoe stores. the highstep shoe company operates a chain of shoe stores that sell 10 different styles of inexpensive men's shoes with identical unit costs and selling prices. a unit is defined as a pair of shoes. each store has a store manager who is paid a fixed salary. individual salespeople receive a fixed salary and a sales commission. highstep is considering opening another store that is expected to have the revenue and cost relationships shown here.