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Question 6 Not yet answered Marked out of 1.00 Flag question on 1/1/2019 X CO acquired 80% of Y common stock for $150,000 in the
Question 6 Not yet answered Marked out of 1.00 Flag question on 1/1/2019 X CO acquired 80% of Y common stock for $150,000 in the same day the y net assets was $ 140,000 in the same date the fair value of assets and liabilities were equal .year ended 31/12/2019 y reported income $50,000, declared dividend $30,000 , X using equity methods what is good will balance on 1/1/2019 Select one: a. 47,500 b. 10,000 c. 50,000 d. 37,500
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