on January 1,2020, ABC, company purchased 3,000 shares of Vancouver Company at a cost of...
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on January 1,2020, ABC, company purchased 3,000 shares of Vancouver Company at a cost of $32 each plus a brokerage fee of $1500. These 3,000 shares represent a 16% interest in Vancouver company. during the year, Vancouver company reported net income of $150000 and declared and paid dividends totaling $80000. At December 31,2020, the shares of Vancouver company were trading at $36 each. Assuming BC company is accounting for this investment using the FV-NI model, how much is the net income (not OCI)did this investment generate for BC company during 2020?
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