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Jones, Incorporated Acquires 15% Of Anderson Corporation On January 1, 2020, For $105,000 When The Book Value Of Anderson Was $600,000. During 2020 Anderson Reported
Jones, Incorporated Acquires 15% Of Anderson Corporation On January 1, 2020, For $105,000 When The Book Value Of Anderson Was $600,000. During 2020 Anderson Reported Net Income Of $150,000 And Paid Dividends Of $50,000. On January 1, 2021, Jones Purchased An Additional 25% Of Anderson For $200,000.and reported dividends of $75,000
what is the income reported by jones for 2021 with regard to the Anderson investment ?
options are:
$80,000 - $ 30,000 - $50,000 - $15,000 - $75,000
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