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Scott Co. paid $2.800,000 to acquire all of the common stock of Down Corp on January 1, 2020 Dawn's reported earings for 2020 $52.000
Scott Co. paid $2.800,000 to acquire all of the common stock of Down Corp on January 1, 2020 Dawn's reported earings for 2020 $52.000 and it paid $160,000 in dividends during the year. The amortization of allocations related to the investment was $28.000 Scott's net income not Including the investment, was $3,310,000, and it paid dividends of $950,000 On the consolidated financial statements for 2020, what amount should have been shown for Equity in Suidory Earming Mule Chisce 30 $160.000 $9000
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