Question: 5. As sume the same facts as in problem 4. Assume that the $60,000 ending inventory is sold by amos by the end of 2011.

 5. As sume the same facts as in problem 4. Assume

5. As sume the same facts as in problem 4. Assume that the $60,000 ending inventory is sold by amos by the end of 2011. Also assume that in 2011, Tolson purchases an additional $80,000 in inventory from third parties and sells it to Ramos for $%100,000. At the end of 2011, $40,000 of this inventory is unsold. In 2011, Tolson earns $500,000 and pays dividends of $400,000. Ramos earns $200,000 and pays dividends of $80,000. by Tolson in 2011? What is the amount of equity income recorded 5. As sume the same facts as in problem 4. Assume that the $60,000 ending inventory is sold by amos by the end of 2011. Also assume that in 2011, Tolson purchases an additional $80,000 in inventory from third parties and sells it to Ramos for $%100,000. At the end of 2011, $40,000 of this inventory is unsold. In 2011, Tolson earns $500,000 and pays dividends of $400,000. Ramos earns $200,000 and pays dividends of $80,000. by Tolson in 2011? What is the amount of equity income recorded

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