What is initial measurement of the investment in Docter Corp

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Question 1 - On January 1, 2003, Nikita Company acquired 12,500 of the outstanding common shares of Nayn Corporation shares at $40 per share. Nayn Corp. had a total of 62,500 shares outstanding on the same date. Nayn Corp. declared total dividends of $20,000 to shareholders on December 20, 2003 and reported a net income of $150,000 for 2003. What is the amount of dividend income to be presented in profit or loss for the year ended December 31, 2003?

Question 2 - On January 1, 2014, Plantation Company purchased 40,000 shares of Docter Corp. at $100 per share. The investment is measured at fair value through other comprehensive income. Brokerage fees amounted to $120,000 were also paid by Plantation. A $5 dividend per share was declared by Docter Corp on December 15, 2013, to be paid on March 31, 2014 to shareholders of record on January 31, 2014. What is the initial measurement of the investment in Docter Corp?

Reference no: EM132994913

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