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9. Perimeteri inc acquired 15 percent of South Co,'s (50uth) voting stock for 5200,000 on fanuary 1,201. On that date, South reported assets of $500,000
9. Perimeteri inc acquired 15 percent of South Co,'s (50uth) voting stock for 5200,000 on fanuary 1,201. On that date, South reported assets of $500,000 and liabilities of $100.000, 50uth had equipment with a book value of $60,000 that was actually worth; $160000. The equipment had a remaining uselul life of five years During 20x, South reported net incorne of $80,000 and paid dividends of $50,000. What amount of income should Perimerer recognize in 20x as a result of this investment? A. 515,000 8. 54,000 c. $16.750 D. 518,000
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