X company owns 35% of common stock of Y Co. and used the squirt meth to acct for the investment. During 2021 Y CO reported 260,000 of income and paid dividends of 90,000. There is no amortization associated with the investment. Due 21 how much income should X recognize related to this investment 90,000 91000 122500 31500 59500

X company owns 35% of common stock of Y Co. and used the squirt meth to acct for the investment. During 2021 Y CO reported 260,000 of income and paid dividends of 90,000. There is no amortization associated with the investment. Due 21 how much income should X recognize related to this investment 90,000 91000 122500 31500 59500

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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Question 10 Choose the correct answer from the choices.
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