Parrot Corp. owns 30% of Sparrow Inc. Summary financial information for 20X1 without reflecting any investment income/(loss)
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Parrot Corp. owns 30% of Sparrow Inc. Summary financial information for 20X1 without reflecting any investment income/(loss) is:
Parrott Co.
Net income - $200,000 Dividends paid - $30,000
Sparrow Inc.
Net Income - $50,000 Dividends Paid - $10,000
What is the Parrot Co. 20X1 Net Income after recording income from investments?
a. $200,000
b. $203,000
c. $215,000
Related Book For
Financial Accounting Tools for business decision making
ISBN: 978-0470534779
6th Edition
Authors: Paul D. Kimmel, Jerry J. Weygandt, Donald E. Kieso
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