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Additional Time Used: 06 minuter - Browse My Computer Question Completion Status: QUESTION 2 Konica Company acquires 40% of the voting stock of Lexmark Corporation
Additional Time Used: 06 minuter - Browse My Computer Question Completion Status: QUESTION 2 Konica Company acquires 40% of the voting stock of Lexmark Corporation on January 1, 2018 for 60 000 000 dr a n y hed investment. The book value on that date was $ 100.000.000 Book approximate a les except for machinery & equipment that was undervalued by 10 000 000 (10 year fe), building that was overvalued by $4.000.000 (4 year We) Konica also found previously recorded intangibles of $50,000,000 indefinite le Lexmark reports the following income and dividends Date: year ended December 31, 2018 December 31, 2019 December 31, 2020 December 31, 2021 Income $9,000,000 $ 6,000,000 $5,000,000 $5,000,000 TS 1.000.000 to Konica ata markup of 30% on cost. The following Inventory balances we available Konica els inventory to Lexmark ata markup of 25% on cost and Lexmark se Date wentory by Konica December 31, 2020 $1.560,000 $ 2.600.000 Required: What is equity income reported by Konka on December 31, 2021? b. What is the balance in the Investment in Lexmark account on December 31, 2021? Attach Fle Browse My Como ros Contato Additional Time Used: 06 minuter - Browse My Computer Question Completion Status: QUESTION 2 Konica Company acquires 40% of the voting stock of Lexmark Corporation on January 1, 2018 for 60 000 000 dr a n y hed investment. The book value on that date was $ 100.000.000 Book approximate a les except for machinery & equipment that was undervalued by 10 000 000 (10 year fe), building that was overvalued by $4.000.000 (4 year We) Konica also found previously recorded intangibles of $50,000,000 indefinite le Lexmark reports the following income and dividends Date: year ended December 31, 2018 December 31, 2019 December 31, 2020 December 31, 2021 Income $9,000,000 $ 6,000,000 $5,000,000 $5,000,000 TS 1.000.000 to Konica ata markup of 30% on cost. The following Inventory balances we available Konica els inventory to Lexmark ata markup of 25% on cost and Lexmark se Date wentory by Konica December 31, 2020 $1.560,000 $ 2.600.000 Required: What is equity income reported by Konka on December 31, 2021? b. What is the balance in the Investment in Lexmark account on December 31, 2021? Attach Fle Browse My Como ros Contato
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