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Bloomfield Bakers accounts for its investment in Clor Confectionary under the equity method. Bloomfield carried the Clor investment at $150,500 and $165,400 at December 31,
Bloomfield Bakers accounts for its investment in Clor Confectionary under the equity method. Bloomfield carried the Clor investment at $150,500 and $165,400 at December 31, 2020, and December 31, 2021, respectively. During 2021 Clor recognized $75,600 of net income and paid dividends of $20,750. Assuming that Bloomfield owned the same percentage of Clor throughout 2021, its percentage ownership must have been: (Round your answer to the nearest whole percent): Multiple Choice 2096. 27%. 25%. 7296
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