40500 shares quayle declared and paid 050 per share cash

Reference no: EM13584436

40,500 shares. Quayle declared and paid $0.50 per share cash dividends on March 15, June 15, September 15, and December 15, 2014. Quayle reported net income of $356,300 for the year. At December 31, 2014, the market price of Quayle common stock was $25 per share.

Indicate the balance sheet and income statement account balances at December 31, 2014, under each method of accounting

Stock investment

Unrealized gain-income

Dividend revenue

Revenue from stock investments

Reference no: EM13584436

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