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Gilman Company purchased 100,000 of the 250,000 shares of common stock of Burke Corporation on January 1, 2014, at $40 per share as a long-term investment. The records of Burke Corporation showed the following on December 31, 2014: How much should Gilman Company report as investment income from the Burke investment during 2014?
Equity Capital
Equity capital is the amount of money that is invested in a company by its owners, in exchange for ownership interest or shares.
Crowdfunding
The method of financing a project or business through the collection of minor contributions from a wide base of individuals, mainly through online platforms.
SEC
The Securities and Exchange Commission (SEC) is a U.S. federal agency that oversees and regulates the securities market, protecting investors, maintaining fair, orderly, and efficient markets.
Brick-and-Mortar
Refers to businesses that have physical stores or offices in buildings, as opposed to or in addition to, online or virtual presence.
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