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Question 16 On January 1, 2019, Poxx acquired 100% of Soxxs outstanding common stock. For...

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Accounting

Question 16 On January 1, 2019, Poxx acquired 100% of Soxxs outstanding common stock. For 2019, Soxx reported $200,000 of net income and declared dividends of $150,000. Amortization of cost in excess of book value for 2019 was $20,000. Poxx opted to use 1) the equity method and 2) non push-down accounting. What are Soxxs true earnings for 2019 from Poxxs perspective?

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