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Business, 19.10.2021 06:10 dsteele3642

Kaye Company acquired 100% of Fiore Company on January 1, 2021. Kaye paid $1,000 excess consideration over book value, which is being amortized at $20 per year. There was no goodwill in the combination. Fiore reported net income of $400 in 2021 and paid dividends of $100. Assume the initial value method is applied. How much equity income will Kaye report on its internal accounting records as a result of Fiore's operations

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Kaye Company acquired 100% of Fiore Company on January 1, 2021. Kaye paid $1,000 excess consideratio...
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