Rollins owns 40% of Sussex On October 1, 2009 Rollins reduces its ownership percentage to 10%, For the first 9 months of 2009, Sussex earns S 100,000 and for the last three months of 6. 2009, Sussex earns $40,000. No dividends are paid. How much income is recorded by Rollins in 2009 Same facts as number 6, except that Rollins ownership percentage goes from 10% to 40%. How much income is recorded by Rollins in 2009?

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If Rollinss Ownership is 10 then Income to be recorded by him then ... View the full answer