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  3. on january 1,207, romulus company acquired 30% of

On January 1,207, Romulus Company acquired 30% of the outstanding common stock of Remus Corporation...

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Accounting

On January 1,207, Romulus Company acquired 30% of the outstanding common stock of Remus Corporation for $650,000. Remus
reported net income and paid dividends for the years ended 207,208, and 209, as follows:
Based on the above information, the amount of income related to its investment in Remus to be reported by Romulus for the year 209 is:
$24,000
$21,000
$70,000
$9,000
None of the above
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