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During 2023, Miller Co. purchased 5,000 shares of the 500,000 outstanding shares of Jazz Corp.'s common stock for $38,000. During 2023, Miller received $1,800 of
During 2023, Miller Co. purchased 5,000 shares of the 500,000 outstanding shares of Jazz Corp.'s common stock for $38,000. During 2023, Miller received $1,800 of dividends from its investment in Jazz stock. The fair value of Miller's investment on December 31, 2023, is $31,000. Miller has elected the fair value option for this investment. What amount of income or loss that is attributable to the Jazz stock investment should be reflected in Miller's net income for 2023? Enter income as a positive and loss as a negative number
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