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Wilco acquires 90.000 of the 100.000 shares of Seminole Corporation on January 1,2022, for $18,000,000. Seminole reports $1,000,000 of net income in 2022 and paid
Wilco acquires 90.000 of the 100.000 shares of Seminole Corporation on January 1,2022, for $18,000,000. Seminole reports $1,000,000 of net income in 2022 and paid $100,000 in dividends. What amount of income will Wilco report on this investment (net of any noncontrolling interest in income)? $810,000$1,000,000$100,000$00,000
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