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Palat Ltd paid 3600,000 in cash, to acquire 90% percentage of Sanun Ltd voting stock...

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Accounting

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Palat Ltd paid 3600,000 in cash, to acquire 90% percentage of Sanun Ltd voting stock on January 1, 2014. Sanun Ltd. Reported net income for the year was $ 1000,000 and Declared a dividends of $ 150,000. Income from Sanun Ltd for 2014 equal: a. 100,000 b. O 150,000 C. 1000,000 d. O 900,000

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