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What are the fy 2017 balances in alpha companys account

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Reference no: EM132325701

Question

Please help with this on January 1 2017 Alpha Company purchased a significant influence shares investment in the Bravo-Zulu Company for $250,000.

This investment balance represents 25percent of the equity of the Bravo-Zulu Company. In 2017 Bravo-Zulu Company reported Net Income of $25,000 on November 15 2017 Bravo-Zulu Company paid cash dividends of $10,000 to its shareholders. what are the FY 2017 balances in Alpha Company's account balances for?

Investment in Bravo-Zulu

Investment Income

Reference no: EM132325701

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