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15. Ziegler Corporation purchased 25,000 ordinary shares of Sherman Corporation for $40 per share on January 2, 2010. Sherman Corporation had 100,000 ordinary shares outstanding
15. Ziegler Corporation purchased 25,000 ordinary shares of Sherman Corporation for $40 per share on January 2, 2010. Sherman Corporation had 100,000 ordinary shares outstanding during 2011, paid cash dividends of $60,000 during 2011, and reported net income of $500,000 for 2011. Ziegler Corporation should report investment income for 2011 in the amount of * (2 Points) The value must be a number
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