acme company owns 35% of the common stock of brem co. and uses the equity method to
Fantastic news! We've Found the answer you've been seeking!
Question:
acme company owns 35% of the common stock of brem co. and uses the equity method to account for the investment. during 2021m brem reported incoime of $260000 and paid dividends of $90000. There is no amortization associated with the investment. During 2021, how much income should acme income recognize related to this investment?
$90000
$91000
$122500
$31500
Expert Answer:
Posted Date:
