Business, 13.11.2019 06:31 destineenikole17

On january 1, 2017, puma corporation acquired 30 percent of slume company's stock for $150,000. on the acquisition date, slume reported net assets of $450,000 valued at historical cost and $500,000 stated at fair value. the difference was due to the increased value of buildings with a remaining life of 10 years. during 2017 slume reported net income of $25,000 and paid dividends of $10,000. puma uses the equity method. what amount of investment income will be reported by puma for the year 2017? ?

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On january 1, 2017, puma corporation acquired 30 percent of slume company's stock for $150,000. on t...

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