Question: anyone know how to do it? thanks Question 2015 points) On January 1, 2017, Snape Incorporated purchased 35% of the outstanding common shares of the

anyone know how to do it? thanks Question 2015 points) On

anyone know how to do it? thanks

Question 2015 points) On January 1, 2017, Snape Incorporated purchased 35% of the outstanding common shares of the Lumos Company for $70,000. At the time of investment, Lumos Company's net assets were $200,000. During 2017, Lumos Company earned $80,000 and declared a dividend of $40,000. Snape accounted for the investment under the equity method. a Ramsey's share of Vapor's income for 2017 is: $28,000 $14,000 $42,000

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