On January 1, 2014, Short Company purchased as an available-for-sale investment, 20,000 shares (15% of the outstanding voting shares) of Daniel Corporation's $1 par value common stock at a cost of $50 per share. During November 2014, Daniel declared and paid a cash dividend of $2 per share. At December 31, 2014, end of the accounting period, Daniel's shares were selling at $48. The 2014 financial statements for Short Company should report the following amounts:

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The Answer of On January 1, 2014, Short Company purchased as an available-for-sale investment, 20,000 shares (15% of the outstanding voting shares) of Daniel Corporation's $1 par value common stock at a cost of $50 per share. During November 2014, Daniel declared and paid a cash dividend of $2 per share. At December 31, 2014, end of the accounting period, Daniel's shares were selling at $48. The 2014 financial statements for Short Company should report the following amounts:

On January 1, 2014, Short Company Purchased as an Available-For-Sale