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re. DJ Inc. buys 8,000 shares of Weiner Company for $22 per share on January 1, 2006. At the end of 2006, Weiner shares are
re. DJ Inc. buys 8,000 shares of Weiner Company for $22 per share on January 1, 2006. At the end of 2006, Weiner shares are trading at $27 per sha Weiner has a total of 400,000 shares outstanding and reported net income of $4,000,000 and paid dividends of $1,500,000 for fiscal 200 6. Determine the amount DJ Inc. will record as investment income in its income statement under the three scenarios: Weiner is considered trading marketable equity security, available-for-sale (AFS), or using cost method. Trading A) $150,000 B) $30,000 C) $70,000 D) $70,000 AFS $70,000 $70,000 $70,000 $30,000 Cost $110,000 $30,000 $30,000 $30,000 O A. Option A OB. Option B O C. Optionc OD. Option D
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