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Sag Corporation is a 90 percent -owned subsidiary of Pan Corporation. pan's investment in sag...

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Accounting

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Sag Corporation is a 90 percent -owned subsidiary of Pan Corporation. pan's investment in sag account at January 1,2012, has a balance of $ 288,000. During 2012 sage reports income 35000 and its pays dividends of $20000, if Pan sells a 10 percent interest in sag on January 1.2012 for 40000 $. The book value of interest sold equal: a. 32000 b. O 40000 C. 35000 d. 28000 Click Save and Submit to save and submit. Click Save All Answers to save all answer Save All Answers Save and Sub

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