Question 2 3 pts On January 1, 2017, Pizza Corp acquired 20% of the outstanding...
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Question 2 3 pts On January 1, 2017, Pizza Corp acquired 20% of the outstanding shares of Slice Company for $100,000 in cash. Slice reported net income of $75,000 and paid dividends of $25,000 for 2017. The fair value of shares held by Pizza Corp was $115,000 on December 31, 2017. What amount will be reported by Pizza as income from its investment in Slice assuming Pizza uses the fair value method? $5,000 $15,000 $10,000 $20,000
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