Surrell Inc. owns 30% of the outstanding voting common stock of Vicker Co. and has...
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Surrell Inc. owns of the outstanding voting common stock of Vicker Co and has the ability to significantly influence the investee's operations and decisionmaking. On January the balance in the Investment in Vicker Co account was $ Amortization associated with this acquisition is $ per year. During Vicker earned an income of $ and paid cash dividends of $ Previously in Vicker had sold inventory costing $ to Surrell for $ All but of this merchandise was consumed by Surrell during The remainder was used during the first few weeks of Additional sales were made to Surrell in ; inventory costing $ was transferred at a price of $ Of this total, was not consumed until
What amount of equity income would Surrell have recognized in from its ownership interest in Vicker?
A $
B $
C $
D $
E $
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