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Question On January 1, 20XB, Gregory Corporation acquired 90 percent of How Compresso equal to its books value. Gregory uses the cost method in cong

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Question On January 1, 20XB, Gregory Corporation acquired 90 percent of How Compresso equal to its books value. Gregory uses the cost method in cong for whether given below: Nova Corp 120,000 Sales Revenue Dividend Revenue Total Revenue Less: Expehses Net Income Gregory Corp 200,000 +9,000 209,000 - 139,000 70,000 120,000 - 90,000 30,000 Nova paid a dividend of $10,000 for the year 20x8. What amount will be reported by Gregory as the consolidated net income in the commolidated income statement $109,000 $329,000 $100,000 $91,000

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