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Bharrat Corporation purchased 45% of Ferris Corporation for $105,000 on January 1, On October 17 of the same year, Ferris Corporation declared total cash dividends
Bharrat Corporation purchased 45% of Ferris Corporation for $105,000 on January 1, On October 17 of the same year, Ferris Corporation declared total cash dividends of $17,000. At year-end, Ferris Corporation reported net Income of $65,000. The balance in the Bharrat Corporation's Long-Term Investment-Ferris tion's Long-Term Investment-Ferrls account at December 31 should be: O $126,600. O $134.250 O $97350 O $83,400 O $105,000. Check my work
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