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1.Alpha Company purchased 10,000 shares of the stock of Zulu Company, and did not obtain significant influence. 2.The investment is intended as a long-term investment.

1.Alpha Company purchased 10,000 shares of the stock of Zulu Company, and did not obtain significant influence.

2.The investment is intended as a long-term investment.

3.The stock was purchased for $10 per share, and represents a 10% ownership stake.

4.Zulu Company made $25,000 of net income in 2017, and paid dividends of $10,000 on December 15, 2017.

5.On December 31, 2017, Zulu Company's stock was trading on the open market for $12 per share at the end of the year.

6.Use this information to determine the dollar amounts that should be reported by Alpha Company during 2017 for the following items:

a. Dividend Income

b. Unrealized Gain/Loss - OIC (If a loss, enter the amount with dollar sign inside of brackets)

c. Available-for-Sales Securities

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