N 1 2 3 13 6 7 9 10 11 12 13 14 15 16 17 18 19 20 W 1208 Question: 4 Jigart Jordan Company owns 15% of the common stock of Trace Corporation and used the fair value method to account for this investment. Trace reported net income of $110,000 for 2008 and paid dividends of $60,000 on October 1, 2008. How much income should jordan recognize on this investment in 2008? $7.500 X $25.500 X $9.000 X $16,500 2021 - Shake A Mayen