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Bloomfield Bakers accounts for its investment in Clor Confectionary under the equity method. Bloomfield carried the Clor investment at $150,150 and $165,650 at December 31,
Bloomfield Bakers accounts for its investment in Clor Confectionary under the equity method. Bloomfield carried the Clor investment at $150,150 and $165,650 at December 31, 2020, and December 31, 2021, respectively. During 2021 Clor recognized $75,200 of net income and paid dividends of $20,800. Assuming that Bloomfield owned the same percentage of Clor throughout 2021, its percentage ownership must have been:
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