On May 12, 2016, Chewco Co. Purchased 2,000 shares of Jedi Inc. for $112 per...
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On May 12, 2016, Chewco Co. Purchased 2,000 shares of Jedi Inc. for $112 per share, including the brokerage commission. The Jedi investment was classified as an available -for- sale security. On December 31, 2016 the fair value of Jedi Inc. was $124 per share. The net income of Chewco. Co. was $50,000 for 2016
Computer the comprehensive income for Chewco Co. for the year ended December 31, 2016.
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