Bloomfield Bakers accounts for its investment in Clor Confectionary under the equity method. Bloomfield carried the...

 
 

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Bloomfield Bakers accounts for its investment in Clor Confectionary under the equity method. Bloomfield carried the Clor investment at $150,700 and $165,600 at December 31, 2017 and 2018, respectively. During 2018 Clor recognized $75,150 of net income and paid dividends of $20,500. Assuming that Bloomfield owned the same percentage of Clor throughout 2018, their percentage ownership must have been (Round your answer to the nearest whole percent): Bloomfield Bakers accounts for its investment in Clor Confectionary under the equity method. Bloomfield carried the Clor investment at $150,700 and $165,600 at December 31, 2017 and 2018, respectively. During 2018 Clor recognized $75,150 of net income and paid dividends of $20,500. Assuming that Bloomfield owned the same percentage of Clor throughout 2018, their percentage ownership must have been (Round your answer to the nearest whole percent):

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