Nancy Corporation agreed to sell all of its capital stock to Eddie Corporation for three monthly payments of $100,000. After Eddie made the first required payment, it ceased making other payments. The stock subscription agreement states that Eddie, thus, forfeits its payments and is entitled to no other future consideration. How should Nancy record the $100,000 forfeited payment?

Week 4 Gather data from multiple sources and present that data in one to two pages. Be sure to document your sources