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QUESTION 29 Warren Buffett Inc. paid $2,400,000 to acquire all of the common stock of Amazon Corp. on January 1, 2017. Amazon's reported earnings for

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QUESTION 29 Warren Buffett Inc. paid $2,400,000 to acquire all of the common stock of Amazon Corp. on January 1, 2017. Amazon's reported earnings for 2017 totaled 5432,000, and it paid $120,000 in dividends during the year. The amortization of allocations related to the investment was $24,000. Warren Buffett's net income, not including the investment, was $3,180,000, and it paid dividends of $900,000. On the consolidated financial statements for 2017, what amount should have been shown for consolidated dividends? 51.020,000 $948,000 $900,000 5876,000 5995,000

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