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Brief Exercise 146 ur answer is incorrect. Try again. On January 1, 2020, Mink Company purchased 5,000 shares of Kusher Company stock for $360,000. Mink's
Brief Exercise 146 ur answer is incorrect. Try again. On January 1, 2020, Mink Company purchased 5,000 shares of Kusher Company stock for $360,000. Mink's investment represents 30 percent of the total outstanding shares of Kusher. During 2020, Kusher paid total dividends of $100,000 and reported net income of $300,000. What revenue does Mink report related to this investment and what is the amount to be reported as an investment in Kusher stock at December 31? Revenue 420000 Investment in Kusher stock at December 31 90000 Click if you would like to Show Work for this question: Open Show Work
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