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Lion 5 et P Co bought 100% of S Co common stock at its book value of $200,000 on 1/1 2020. During 2020,S CO reported
Lion 5 et P Co bought 100% of S Co common stock at its book value of $200,000 on 1/1 2020. During 2020,S CO reported net income of $65,000 and paid dividends of $20,000.At what amount should p's Income from S be reported on 31/12/2020 by using equity method? ered d out of Select one: O a. 50,000 ag question O b. 65,000 C. 49,500 d. 55,000
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