Question
HankCo acquires 8,000 of the 10,000 shares of WilliamsInc on January 1 , 2022 , for $900,000. WilliamsInc reports $500,000 of net income in 2022
HankCo acquires 8,000 of the 10,000 shares of WilliamsInc on January 1 , 2022 , for $900,000. WilliamsInc reports $500,000 of net income in 2022 and paid $50,000 in dividends. What amount of WilliamsInc's Net Income will HankCo report on their consolidated income statement at the end of 2022?
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Auditing Assurance And Risk
Authors: W Robert Knechel, Steven E Salterio
4th Edition
1315531720, 9781315531724
