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the amount to be reported as an investment in Ashton stock

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the amount to be reported as an investment in Ashton stock On January 1, 2012, Otter Company purchased 5,000 shares of Ashton Company stock for $350,000. Otter’s investment represents 40 percent of the total outstanding shares of Ashton. During 2012, Ashton paid total dividends of $100,000 and reported net income of $300,000. What revenue does Otter report related to this investment and what is the amount to be reported as an investment in Ashton stock at December 31? Business Assignment Help, Business Homework help, Business Study Help, Business Course Help

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