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Business, 24.11.2021 19:10 kaylaelaine18

On January 2, 2021, ABC Corporation purchased 12% of XYZ Corporation's common stock for $75,000. XYZ's net income for the year ended December 31, 2021 was $90,000. During 2021, XYZ declared and paid a dividend of $45,000. December 31, 2021, the fair value of the XYZ stock owned by ABC had increased to $105,000. Required: What is the total income related to this investment reported in ABC's 2021 income statement

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On January 2, 2021, ABC Corporation purchased 12% of XYZ Corporation's common stock for $75,000. XYZ...
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