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$ 45,000 11,00 5.40.000 27,000 5 59.000 16.000 Net Income Dividends paid Fair value of shares held by Gant: January 1 December 31 82,000 101.000
$ 45,000 11,00 5.40.000 27,000 5 59.000 16.000 Net Income Dividends paid Fair value of shares held by Gant: January 1 December 31 82,000 101.000 101,000 98.000 98,000 109,000 Required: Determine the amounts reported by Gant as income from its investment in Temp for each year and the balance in Gant's investment in Temp at the end of each year assuming that Gant uses the following options in accounting for its investment in Temp: a. Carries the investment at fair value. b. Uses the equity method Answer is complete but not entirely correct. Complete this question by entering your answers in the tabs below. Required A Required B Determine the amounts reported by Gant as income from its investment in Tomp for each year and the balance in Gant's Investment in Temp at the end of each year assuming that Gant uses the equity method in accounting for its investment in Temp. zoxu 20% 2x income from investment $ 13,500 s 12,000 $17.700 Balance in investment 5 91.100 8 5 102,200 $ 109,300 BE $ 45,000 11,00 5.40.000 27,000 5 59.000 16.000 Net Income Dividends paid Fair value of shares held by Gant: January 1 December 31 82,000 101.000 101,000 98.000 98,000 109,000 Required: Determine the amounts reported by Gant as income from its investment in Temp for each year and the balance in Gant's investment in Temp at the end of each year assuming that Gant uses the following options in accounting for its investment in Temp: a. Carries the investment at fair value. b. Uses the equity method Answer is complete but not entirely correct. Complete this question by entering your answers in the tabs below. Required A Required B Determine the amounts reported by Gant as income from its investment in Tomp for each year and the balance in Gant's Investment in Temp at the end of each year assuming that Gant uses the equity method in accounting for its investment in Temp. zoxu 20% 2x income from investment $ 13,500 s 12,000 $17.700 Balance in investment 5 91.100 8 5 102,200 $ 109,300 BE
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