If 80% owned subsidiary's net income was $300,000, the subsidiary declared dividends of $160,000 and...
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Accounting
If 80% owned subsidiary's net income was $300,000, the subsidiary declared dividends of $160,000 and the depreciation and amortization of current fair value excess was $40,000, the parent company's intercompany investment income under the equity method of accounting is:
a.
$122,000
b.
$96,000
c.
$208,000
d.
$160,000
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