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  3. on 4 p co purchased 90% of s co common stock at it

on 4 P Co purchased 90% of S Co common stock at its book value...

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Accounting

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on 4 P Co purchased 90% of S Co common stock at its book value of $200,000 on 1/1/2020. During 2020,S reported net income of $65,000 and paid dividends of $20,000.by using equity methods At what amount should P co reported the Investment in S account on 31/12/ 2020? ed out of Select one: a. 245,000 g question b. 265,000 C. 200,000 d. 240,500

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