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stion 13 2 pts 12 minutes Barney Company purchases an investment in stock that represents a 30% interest in another company with the ability to

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stion 13 2 pts 12 minutes Barney Company purchases an investment in stock that represents a 30% interest in another company with the ability to exercise significant control. The investment costs $40,000. At the date of purchase, the investee's balance sheet included: Assets not subject to depreciation $30,000 (same as fair value) Assets subject to depreciation $40,000 (fair value $49,000, 10 year remaining useful life) Liabilities $10,000 (same as fair value) The investee company reported net income of $20,000 and declared and paid a total cash dividend of $50,000. Barney reports the following amount in its 2020 financial statements: Balance Sheet: Current Asset $30,730; Income Statement: Investment Income $15,000 Other/Nonoperating - Regular Income and $6,000 Other Comprehensive Income. Balance Sheet: Noncurrent Asset $45,730; Income Statement: Investment Income $21,000 Other/Nonoperating - Regular Income. Balance Sheet: Current Asset $45,730; Income Statement: Investment Income $6,000 Other/Nonoperating - Regular Income. Balance Sheet: Noncurrent Asset $30,730; Income Statement: Investment Income $5,730 Other/Nonoperating - Regular Income

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