- Question 9 Not yet answcred Marked out of 1.50 P Flag question P Co bought 100% of S Co common stock at its book value of S200,000 onl/l 2020. During 2020.5 CO reported net income of $65,000 and paid dividends of $20,000. At what amount should P's Income from S be reported on 31/12/2020 by using equity method? Select one: a. 50,000 b. 65,000 c. 55,000 d. 49,500 Question 10 Not yet answered Marked out of 1.50 P Flag question How The amount of an investment in stock correctly accounted under the equity method ? Select one: a. The original price paid to purchase the investment b. The original price paid to purchase the investment plus cumulative net income minus cumulative dividends declared by the investee since the date the investment acquired. c. The original price paid to purchase the investment minus cumulative net income minus cumulative dividends declared by the investee since the date the investinent was acquired d. The original price paid to purchase the investment plus cumulative net income plus cumulative dividends declared by the investee since the date the investment was acquired