Income statement for the dividends received

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2014 December 31, Eddy earned net income of $800,00. Eddy paid $5000 to Gordon. Gordon has 10% of Eddy's common shares. What amount should be reported on Gordon's 2014 income statement for the dividends received from Eddy and earnings announced by Eddy, respectively.

Reference no: EM131268189

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Income statement for the dividends received : 2014 December 31, Eddy earned net income of $800,00. Eddy paid $5000 to Gordon. Gordon has 10% of Eddy's common shares. What amount should be reported on Gordon's 2014 income statement for the dividends received from Eddy and earnings announced by Ed..

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