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QUESTION 2 Palat Ltd paid 3600,000 in cash, to acquire 90% percentage of Sanun Ltd voting stock on January 1, 2014. Sanun Ltd. Reported net

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QUESTION 2 Palat Ltd paid 3600,000 in cash, to acquire 90% percentage of Sanun Ltd voting stock on January 1, 2014. Sanun Ltd. Reported net income for the year was $ 1000,000 and Declared a dividends of $ 300,000. Investment in Sanun Ltd at December 31, 2014equal: a. 4,500,000 b. O 3,600,000 C. 4,700,000 d. O 4,230,000

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