Assume A owns 10% of B on January 1, 2012. On July 1, 2012 A increases ownership
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Question:
Assume A owns 10% of B on January 1, 2012. On July 1, 2012 A increases ownership to 40% by purchasing additional shares in B. The following represent the earnings and dividends of B for 2012.
1. How much equity income is recognized by A in 2012.
2. How much dividend income is recognized by A in 2012.
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