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What is the impact of xyz investment in abc shares

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Reference no: EM132498672

Question 1: In November of 2017, XYZ Corporation spent $23,000 for shares of ABC Enterprises, Inc. The shares are worth $24,000 at December 31, 2017. Early in 2018, XYZ Corporation received a $1,200 dividend from its investment in the shares of ABC Enterprises. Shortly thereafter, XYZ sells its shares in ABC for $26,000. If XYZ's shares of ABC is considered an investment in trading securities, what is the impact of XYZ's investment in ABC shares on XYZ's net income in 2018?

Reference no: EM132498672

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