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ABC Corp acquired a 30% stake in XYZ Ltd for $150,000 on January 1st, 2023. XYZ Ltd reportednetincomeof$60,000fortheyearendedDecember31st,2023.CalculateABCCorp's share of income from its investment in

ABC Corp acquired a 30% stake in XYZ Ltd for $150,000 on January 1st, 2023. XYZ Ltd reported net income of $60,000 for the year ended December 31st, 2023. Calculate ABC Corp's share of income from its investment in XYZ Ltd for the year.

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