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Investment in equity of another company fair value - Stuart Inc purchased 10,000 shares (out of 200,000 shares outstanding) of Whit Company's common stock during
Investment in equity of another company fair value - Stuart Inc purchased 10,000 shares (out of 200,000 shares outstanding) of Whit Company's common stock during 2019 for $15/share. The shares were trading $18/share at the end of 2019 and a $16/share at the end of 2020. Stuart Inc received a dividend in 2019 of 10 cents per share and 11 cents per share in 2020. a How much income related to the investment does Stuart Inc record in 2019? What is the journal entry if Stuart Inc sells all 10,000 shares at the beginning of 2021 for $21/share
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