Wilco acquires 150,000 of the 1,000,000 shares of Seminole Corporation on January 1, 2022, for $1,500,000....

Transcribed Image Text:

Wilco acquires 150,000 of the 1,000,000 shares of Seminole Corporation on January 1, 2022, for $1,500,000. Seminole reports $10,000,000 of net income in 2022 and paid $2 per share in dividends. What amount of income will Wilco report on this investment? $1,500,000 $300,000 $1,650,000 O $1,350,000 Wilco acquires 150,000 of the 1,000,000 shares of Seminole Corporation on January 1, 2022, for $1,500,000. Seminole reports $10,000,000 of net income in 2022 and paid $2 per share in dividends. What amount of income will Wilco report on this investment? $1,500,000 $300,000 $1,650,000 O $1,350,000

Answer rating: 100% (QA)

Wilco acquired 150000 shares of Seminole for 1500000 Seminole reported 10000000 net inco... View the full answer