Sheila Investment Company (SIC)began operations on January 1, 2012. It acquired the following investments: SIC earned interest of $12,000 during 2012. Dividends of $16,000 were declared on the shares it owned during 2012. Of that amount, $9,000 was received in December 2012 and $7,000 was received in January 2013 (note that the ex-dividend date for these shares was prior to the end of the year). At what value would SIC's shares be recorded at in the balance sheet on December 31, 2012?

Question

Sheila Investment Company (SIC)began operations on January 1, 2012. It acquired the following investments:  SIC earned interest of $12,000 during 2012. Dividends of $16,000 were declared on the shares it owned during 2012. Of that amount, $9,000 was received in December 2012 and $7,000 was received in January 2013 (note that the ex-dividend date for these shares was prior to the end of the year). At what value would SIC's shares be recorded at in the balance sheet on December 31, 2012?

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The Answer of Sheila Investment Company (SIC)began operations on January 1, 2012. It acquired the following investments:  SIC earned interest of $12,000 during 2012. Dividends of $16,000 were declared on the shares it owned during 2012. Of that amount, $9,000 was received in December 2012 and $7,000 was received in January 2013 (note that the ex-dividend date for these shares was prior to the end of the year). At what value would SIC's shares be recorded at in the balance sheet on December 31, 2012?

Sheila Investment Company (SIC)began Operations on January 1, 2012