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PLZ do all 5 question otherwise don't try to do else i will not rate it if you will do all 5 MCQ i will
PLZ do all 5 question otherwise don't try to do else i will not rate it
if you will do all 5 MCQ i will give 100%rating and good comments
and answer correctly
BakerTony Inc. purchased 25% of the common stock of FloydCompany on January 1 for $150. The contributed capital bal of FloydCompany at this date was $250 and the retained earnings balance was $350. During the year, net income of Floydompany was $120 and dividends declared were $40. BakerTony uses the equity method to account for the investn How much income from this investment will BakerTony show on its income statement for the year? O $0 $30 $20 O $120Step by Step Solution
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