Answered step by step
Verified Expert Solution
Question
1 Approved Answer
On 1/1/2020 P Company acquired 70% of S company for 95000 JD. During the year S company reported net loss 14000 JD and declared dividends
On 1/1/2020 P Company acquired 70% of S company for 95000 JD. During the year S company reported net loss 14000 JD and declared dividends 13000 JD. Positive differences are 45000 JD relating to assets with 5 years life. Using the complete equity method investment balance on 31/12/2020 is: Select one: a. 87900 O b. 86500 O c. 85100 d. 83700
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started