On January 1, 2010, Owen Company purchased 5,000 shares of Ace Company stock for $300,000. Nott's investment represents 40 percent of the total outstanding shares of Ace. During 2010, Ace paid total dividends of $100,000 and reported net income of $250,000. What revenue does Nott report related to this investment and what is the amount to be reported as an investment in Jen stock at December 31?

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The Answer of On January 1, 2010, Owen Company purchased 5,000 shares of Ace Company stock for $300,000. Nott's investment represents 40 percent of the total outstanding shares of Ace. During 2010, Ace paid total dividends of $100,000 and reported net income of $250,000. What revenue does Nott report related to this investment and what is the amount to be reported as an investment in Jen stock at December 31?

On January 1, 2010, Owen Company Purchased 5,000 Shares of Ace