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On January 1, 2015. Rex Corporation purchased 30,000 shares ( 30% of the outstanding stock) of Alamo Corporation for $500,000. Net income reported by Alamo
On January 1, 2015. Rex Corporation purchased 30,000 shares ( 30% of the outstanding stock) of Alamo Corporation for $500,000. Net income reported by Alamo for 2015 was $180,000. Dividends paid by Alamo during 2015 were \$60,000. On December 31, 2015 the Alamo Corporation stock was trading at $15 per share. The amount of investment revenue that Rex should recognize for 2015 is: $18,000$36,000$54,000$60,000$15,000
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