Answer is c. $125,000 Please explain the reasoning and calculations 15. Ziegler Corporation purchased 25.000 shares of common stock of the Sherman CorporationTor 540 per share on January 2, 2017. Sherman Corporation had 100,000 shares of commonstock outstanding during 2018, paid cash dividends of $150,000 during 2018, and reportednet income of $500,000 for 2018. Ziegler Corporation should report revenue from investmentfor 2018 in the amount ofa. $37,500.b. $87,500.C. $125,000.d. $137,500.

Ziegler holds 25000 shares of common stock of Sherman Corporation . Sherman Co has total 100,000…

Answered: 8, paid cash dividends of $150,000…

Business

Accounting

8, paid cash dividends of $150,000 during 2018, 18. Ziegler Corporation should report revenue fro-

Cornerstones of Financial Accounting

4th Edition

ISBN:9781337690881

Author:Jay Rich, Jeff Jones

Publisher:Jay Rich, Jeff Jones

ChapterA2: Investments

Section: Chapter Questions

Problem 11MCQ

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