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Question 4 On 01/01/2020, TUS Inc. paid $38 million for a 10% interest in Weston Co. The market value of Weston on 01/01/2020 was $380
Question 4 On 01/01/2020, TUS Inc. paid $38 million for a 10% interest in Weston Co. The market value of Weston on 01/01/2020 was $380 million. During 2020, Weston earned $95 million and declared dividends of $16 million. The market value of Weston on 12/31/2020 was $412 million. What amount of pre-tax income related to its investment in Weston (in millions) will TUS report for 2020? $4.8 $7.2 $1.6 $9.5
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