On 1/1/2019,X Co purchased a 30% interest in Y Co for $340,000.Y reported net income...
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On 1/1/2019,X Co purchased a 30% interest in Y Co for $340,000.Y reported net income of $100,000 for 2019 and declared and paid a dividend of $10,000.
X co using the Cost method. In its 31/12/ 2019,balance sheet
what amount should X report as its investment in Y?
Select one: a. 223,000 b. 340,000 c. 250,000 d. 277,000 Equity investments at acquisitions require direct expenses of registering equity securities be charged to additional paid-in capital
Select one: True False
On 1/1/2019,X Co purchased a 30% interest in Y Co for $340,000.Y reported net income of $100,000 for 2019 and declared and paid a dividend of $10,000.
X co using the Cost method. In its 31/12/ 2019,balance sheet
what amount should X report as its investment in Y?
Select one:
a. 223,000
b. 340,000
c. 250,000
d. 277,000
Equity investments at acquisitions require direct expenses of registering equity securities be charged to additional paid-in capital
Select one:
True
False
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