Question: Question Completion Status: -> Moving to another question will save this response Question 14 Question 14 1 points On February 5, 2020. Apple Inc. purchased
Question Completion Status: -> Moving to another question will save this response Question 14 Question 14 1 points On February 5, 2020. Apple Inc. purchased 12% of Pear Inc.'s common stock for $50,000. Pear's not income for the years ended December 31, 2020, and December 31, 2021, were $10.000 and $50,000, respectively. Pear did not pay any dividends in 2020. Pear declared and paid a dividend of S60,000 to all its shareholders in 2021. The fair value of the Pear stock owned by Apple Inc. is valued at $70.000 and $120.000 on December 31, 2020 and December 31, 2021, respectively. How much should Apple Inc. show in the 2021 income statement as income from this investment? None of these choices is correct $67,200 O $57.200 100.000 0 120.000 5 6 9 O E R T U I 0 S F G H J L C V B N. M V. V de 20 command option
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