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What is the balance in Cale's investment in subsidiary account at the end of 2017?
Proprietorship
A business entity that is owned and run by one individual where there is no legal distinction between the owner and the business.
Income Statement
A financial statement that reports a company's financial performance over a specific accounting period, detailing revenues, expenses, and net income or loss.
Net Income
The total profit of a company after all expenses and taxes have been deducted from revenue, indicative of the company's profitability.
Net Profit
The amount of money that remains from revenues after all operating expenses, taxes, and costs have been subtracted.
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