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19. Company A acquires 50% of the shares of Company B for $2.0 million on January 1, 2020. During the year, Company B earned $350,000
19. Company A acquires 50% of the shares of Company B for $2.0 million on January 1, 2020. During the year, Company B earned $350,000 and paid dividends of $100,000. (6 points) For 2020, investment income reported by Company A is: A. $100,000 B. $150,000 C. $175,000 For 2020, cash received by Company A amounted to: A. $50,000 B. $150,000 C. $200,000 At the end of 2020, the investment in Company B reported by Company A is: A. $1.65 million B. $1.90 million C. $2.13 million
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