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On 1 / 1 / 2 0 X 1 , Bravo Co . purchased 2 5 % of Drano Inc's 1 , 0 0 0
On X Bravo Co purchased of Drano Inc's common shares at $ per share, enabling it to exercise significant influence over Drano. On X fair value of Drano's land, building, patent and inventory exceeded the carrying amounts by $$ and $ respectively. The building has a year remaining useful life. Patent has a year remaining service life. All inventory was sold during X Drano reported net income of $ and paid $ dividends. Determine the amount of investment revenue & investment in Drano as of X $ Investment revenue & $ Investment in Drano. $ Investment revenue & $ Investment in Drano. $ Investment revenue &$ Investment in Drano. $ investment revenue & $ Investment in Drano. Investment Revenue of net income of additional depreciationwrite off of the excess of FV over BV of finite life assests. Investment in balance Acquisition cost Investment Revenue of dividends
On X Bravo Co purchased of Drano Inc's
common shares at $ per share, enabling it to
exercise significant influence over Drano. On X fair
value of Drano's land, building, patent and inventory exceeded
the carrying amounts by $$ and
$ respectively. The building has a year remaining
useful life. Patent has a year remaining service life. All
inventory was sold during X Drano reported net income of
$ and paid $ dividends. Determine the
amount of investment revenue & investment in Drano as of
X
$ Investment revenue & $ Investment in
Drano.
$ Investment revenue & $ Investment in
Drano.
$ Investment revenue &$ Investment in
Drano.
$ investment revenue & $ Investment in
Drano.
Investment Revenue of net income of additional depreciationwrite off of the excess of FV over BV of finite life assests. Investment in balance Acquisition cost Investment Revenue of dividends
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