PET Corporation purchased 225,000 shares of SOX Corporation on January 1,2017,for $540,000.SOX Corporation has 600,000 shares outstanding.SOX Corporation earned net income of $360,000 and paid dividends of $106,000 during 2017.
Required:
a.What method should be used to account for the SOX Corporation investment?
b.How much revenue will be recorded by PET Corporation in 2015 from its investment in SOX Corporation?
c.What is the balance in PET's investment account at the end of 2015?
d.Assume all of the above facts except that on January 1,2015,PET Corporation purchased 90,000 shares of SOX Corporation.How much revenue will be recorded by PET Corporation in 2015 from its investment in SOX Corporation?

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The Answer of PET Corporation purchased 225,000 shares of SOX Corporation on January 1,2017,for $540,000.SOX Corporation has 600,000 shares outstanding.SOX Corporation earned net income of $360,000 and paid dividends of $106,000 during 2017.
Required:
a.What method should be used to account for the SOX Corporation investment?
b.How much revenue will be recorded by PET Corporation in 2015 from its investment in SOX Corporation?
c.What is the balance in PET's investment account at the end of 2015?
d.Assume all of the above facts except that on January 1,2015,PET Corporation purchased 90,000 shares of SOX Corporation.How much revenue will be recorded by PET Corporation in 2015 from its investment in SOX Corporation?

PET Corporation Purchased 225,000 Shares of SOX Corporation on January