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On January 1, 2017, Pizza Corp acquired 20% of the outstanding shares of Slice Company for $100,000 in cash. Slice reported net income of $75,000
On January 1, 2017, Pizza Corp acquired 20% of the outstanding shares of Slice Company for $100,000 in cash. Slice reported net income of $75,000 and paid dividends of $25,000 for 2017. The fair value of shares held by Pizza Corp was $115,000 on December 31, 2017. What amount will be reported by Pizza as income from its investment in Slice assuming Pizza uses the fair value method? O $5,000 O $15,000 O $20,000 0 $10,000
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