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On Jan 2, 2022 SRAY purchased 25,000 shares of SECO (70,000 shares outstanding) for $11.00 per share. During the year the company reported $800,000
On Jan 2, 2022 SRAY purchased 25,000 shares of SECO (70,000 shares outstanding) for $11.00 per share. During the year the company reported $800,000 Net Income. The company had a 20.0% POR and SECO shares closed 12/31/2022 at $13.50. What was the total investment income reported by SRAY in 2022 for its ownership of SECO shares? 62,500 160,000 128,000 35.000 94,500 Question 15 The total reported value of SECO's investment in SRAY would be 3 pts
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