On 2017-02-01, P purchased 34% of the outstanding shares of TORT common stock for $57,311 P accounted for the investment

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On 2017 02 01 P Purchased 34 Of The Outstanding Shares Of Tort Common Stock For 57 311 P Accounted For The Investment 1 (56.55 KiB) Viewed 35 times

On 2017-02-01, P purchased 34% of the outstanding shares of TORT common stock for $57,311 P accounted for the investment using the equity method On 2017-07-15. P received a cash dividend of $5,731.10 from TORT . On 2017-12-31, TORT reported net income of $8.428.09. Record P's share. For the year ending 2017-12-31 indicate effects on statements. If there is no effect for an account, put 0 as the Income Statement Effect Other income (loss) Equity income (loss) Unrealized gain (loss) Realized gain (loss) . . NET INCOME Comprehensive Income Statement NET INCOME Unrealized gain (loss) on available for sale securities TOTAL COMPREHENSIVE INCOME Balance Sheet Cash Marketable securities Equity method investments TOTAL ASSETS Retained earnings Effect Accumulated other comprehensive income TOTAL SHAREHOLDERS EQUITY Statement of Cash flows Cash flow from (used in operating activities Cash flow from (used in) investing activities Cash flow from (used in) financing activities NET CHANGE IN CASH Effect Effect