Question

Salvania Corporation is considering investing in Farnorth Corporation, but is unsure about what level of ownership should be undertaken. Salvania and Farnorth have the following reported incomes:
Farnorth paid $15,000 in cash dividends to its investors. Prepare a pro forma income statement for Salvania Corporation that compares income under10%, 30%, and 80% ownership levels.


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  • CreatedApril 10, 2015
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