Scott Company paid $2.800,000 to acquire all of the common stock of Dawn Corporation on January 1, 2023. Dawn's mported eanings for 2023 totaled $512.000 and it$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 $3.310.000and it paid dividends of $950,000.What is the amount of consolidated net income for the year 2023?O $3,150.000O $3.282.000O $3.310.000O $3,794,000O $3.822.000

In the preparation of consolidated financial statements, all inter-company (within the group)…

Scott Company paid $2.800.000 to acquire all of the common stock of Dawn Corporation on January 1, 2023 Dawn's ported eanings for 2023 stand $512.000 and $160.000 in dividends during the year. The ame and it paid dividends of $950.000 What is the amount of consolidated net income for the year 2003? O $3,150.000 O $3.282.000 O $3.310.000 O $3.794.000 O 13.822.000

Scott Company paid $2.800.000 to acquire all of the common stock of Dawn Corporation on January 1, 2023 Dawn's ported eanings for 2023 stand $512.000 and $160.000 in dividends during the year. The ame and it paid dividends of $950.000 What is the amount of consolidated net income for the year 2003? O $3,150.000 O $3.282.000 O $3.310.000 O $3.794.000 O 13.822.000

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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