Business, 22.07.2019 16:10 tony4561

On january 2, 2018, howdy doody corporation purchased 12% of ranger corporation's common stock for $52,000. ranger's net income for the years ended december 31, 2018 and 2019, were $14,000 and $57,000, respectively. during 2018, ranger declared and paid a dividend of $64,000. on december 31, 2018, the fair value of the ranger stock owned by howdy doody had increased to $69,000. how much should howdy doody show in the 2018 income statement as income from this investment?

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