What kennett corporation should report revenue


Kennett Corporation purchased 25,000 shares of common stock of the Swenson Corporation for $40 per share on January 2, 2008. Swenson Corporation had 100,000 shares of common stock outstanding during 2008, paid cash dividends of $60,000 during 2008, and reported net income of $200,000 for 2008. What Kennett Corporation should report revenue from investment for 2008 in the amount of ?

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Accounting Basics: What kennett corporation should report revenue
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