Question
Starge Incowns 30% of the outstanding voting common stock of Ticker Coand has the ability to significantly influence the investee's operations and decision makingOn January
Starge Incowns 30% of the outstanding voting common stock of Ticker Coand has the ability to significantly influence the investee's operations and decision makingOn January 1, 2018, the balance in the Investment in Ticker Co was $403 159. Amortization associated with this acquisition is $8,111 per year . During 2018 Ticker earned an income of $108,899 and paid cash dividends of $36,897Previously in 2017Ticker had sold inventory costing $28,988 to Starge for $48,956. All but 25% of this merchandise was consumed by Starge during 2017. The remainder was used during the first few weeks of 2018. Additional sales were made to Starge in 2018 inventory costing $33,987 was transferred at a price of $61,258. Of this total, 40% was not consumed until 2019.
5 How Much the Annual amortizatin related to this transcation, 2018 (2 Points) Enter your answer 6 How Much the rate of Retun on this investement for 2018? * (2 Points) Enter your answer 7 How Much the Relizied profit for 2018?* (2 points) ter netStep by Step Solution
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