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ABC Corporation purchased 25,000 shares of common stock of the Davison Corporation for $40 per share on January 2, 2018 (EQUITY METHOD) . Davison Corporation
ABC Corporation purchased 25,000 shares of common stock of the Davison Corporation for $40 per share on January 2, 2018 (EQUITY METHOD). Davison Corporation had 100,000 shares of common stock outstanding during 2018, paid cash dividends of $150,000 during 2018, and reported net income of $500,000 for 2018. ABC Corporation should report revenue from investment for 2018 in the amount of ________.
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