FIN.ACCT-TOOLS F/DECI.MAKERS-TEXT+WILEY+
9th Edition
ISBN: 9781119598312
Author: Kimmel
Publisher: WILEY C
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- Gale Corporation owns 15% of the common stock of Troy Enterprises and uses the fair-value method to account for this investment. Troy reported net income of $140,000 for 2022 and paid dividends of $80,000 on November 1, 2022. How much income should Gale recognize on this investment in 2022? a. $21,000 b. $12,000 c. $33,000 d. $9,500 e. $60,000arrow_forwardHow much was its net income is 2025 ?arrow_forward??!arrow_forward
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