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. If Watkins pays $450,000 in cash for Glen, and Glen earns $50,000 in net income and pays $20,000 in dividends during 2017, what amount
. If Watkins pays $450,000 in cash for Glen, and Glen earns $50,000 in net income and pays $20,000 in dividends during 2017,
what amount representing Glen would be reflected in consolidated net income for the year ended December 31, 2017?
A) $20,000 under the initial value method. B) $30,000 under the partial equity method. C) $50,000 under the partial equity method. D) $44,500 under the equity method. E) $45,500 regardless of the internal accounting method used.
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