Question
Complete the following table for x1, assuming that Alpha, Inc. did not have significant influence over Omega Corporation and that the Omega stock is actively
Complete the following table for x1, assuming that Alpha, Inc. did not have significant influence over Omega Corporation and that the Omega stock is actively traded and the price per share on December 31, 20x1 is $30 per share. For Alpha, Inc.s financial statements: Year Balance sheet amount reported for Investment in Omega Corporation at end of 12/31 Income statement amount reported for Investment Income from Omega Corporation for the fiscal year ended 12/31 20x1 4. If Alpha had acquired 51% of Omega, how would the investment accounting have changed? (The answer can be completed in one sentence)
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