Collis Company purchased 36,000 common shares of Hoi Company as an investment for $800,000 on
January 2, 2013.During 2013, Hoi Company reported net earnings of $625,000 and paid dividends of $90,000.
Required:

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The Answer of Collis Company purchased 36,000 common shares of Hoi Company as an investment for $800,000 on
January 2, 2013.During 2013, Hoi Company reported net earnings of $625,000 and paid dividends of $90,000.
Required:

Collis Company Purchased 36,000 Common Shares of Hoi Company as an Investment