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1 0 - Dax purchased 2 0 0 of the 5 0 0 outstanding Minisoft Corporation common shares at $ 5 5 per Share plus

10-Dax purchased 200 of the 500 outstanding Minisoft Corporation common shares at $55 per
Share plus a $100 brokerage lee as an investment in an associate. If Wialseft has profit for
the year of $50,000 and pays a dividend of Ssishare. what information should Dax report on
its income statement relating to the investment?
(a) $20,000 for earnings from the investment in Minisott
(b) $50,000 in invesiment revenue
(c) $1,000 dividend income
(d) $20,000 for earnings from the investment in Mibisott and dividend income of $1,000
(e) $50,000 in investment revenue and dividend revenue of $1,000

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