Beneteau Corporation purchased 25,000 ordinary shares of La Brea Corporation for €40 per share on January 2, 2011.During 2011, La Brea Corporation had 100,000 shares of common stock outstanding, paid cash dividends of €60,000, and reported net income of €200,000.Beneteau Corporation should report revenue from this investment for 2011 in the amount of

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The Answer of Beneteau Corporation purchased 25,000 ordinary shares of La Brea Corporation for €40 per share on January 2, 2011.During 2011, La Brea Corporation had 100,000 shares of common stock outstanding, paid cash dividends of €60,000, and reported net income of €200,000.Beneteau Corporation should report revenue from this investment for 2011 in the amount of

Beneteau Corporation Purchased 25,000 Ordinary Shares of La Brea Corporation