Bendi corp. purchased 1,000 shares of kala corp. for $16 per share. the investment represents 5% ownership, and bendi does not have significant influence. the fair value at year-end is $15 per share. assuming no other transactions occurred, where would the $1 per share difference be reported on the year-end financial statements?

a. other income and (expense).
b. other comprehensive income.
c. operating income.
d. none of the above.

Bob: coke is baby pandas.jim: what? how do you figure that coke is baby pandas? bob: because this book says so.jim: how do we know the book is correct? bob: because it says that coke is baby pandas.jim: how does that prove the book's accuracy? bob: because it's statement involving coke and baby pandas is correct, therefore it is accurate.jim: how do we know that it's correct? bob: because we have concluded that the book is accurate, and therefore the statement is correct.therefore, coke is baby pandas.

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