Question
On 1/1/19, Investor purchased 3,000,000 of the outstanding 10,000,000 shares of Investee for $2,000,000. For 2019, Investee declared total dividends to all shareholders of $275,000
On 1/1/19, Investor purchased 3,000,000 of the outstanding 10,000,000 shares of Investee for $2,000,000. For 2019, Investee declared total dividends to all shareholders of $275,000 and reported Net Income of $1,250,000. What effect will this investment have on Investors 2019 Net Income?
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Accounting And Finance An Introduction
Authors: Eddie McLaney, Peter Atrill
10th Edition
1292312262, 978-1292312262
