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Given the below facts, what is the total income effect for the year for an investor for its passive-level, available-for- sale security? (Note: the investment is not sold during the year.)
Type of Investment: Passive Ownership, Available for Sale
Cost of Investment
$80
Fair value of investment at end of the year
$60
Dividends received from investment over the year
$10
Total income effect for the year
WHAT ARE THE ADVANTAGES
I WOULD LIKE TO KNOW ABOUT GST. FROM WHERE IT HAVE COME AND HOW IT WORKS. ALSO INFORM ME WEATHER IT IS APPLICABLE IN INDIA OR NOT.
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