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Posted on Jun 10, 2024

STUInc.acquireda25%stakeinVWXLtdfor$250,000onJanuary1st,2023.VWXLtd reportednetincomeof$70,000fortheyearendedDecember31st,2023.CalculateSTU Inc.'s share of income from its investment in VWX Ltd for the year.

STU Inc. acquired a 25% stake in VWX Ltd for $250,000 on January 1st, 2023. VWX Ltd reported net income of $70,000 for the year ended December 31st, 2023. Calculate STU Inc.'s share of income from its investment in VWX Ltd for the year.

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