Question: View Policies Current Attempt in Progress Oriole, Inc. acquired 40% of Skysong Corporation's voting stock on January 1, 2025 for $900000. In 2025, Skysong earned

View Policies Current Attempt in Progress Oriole, Inc. acquired 40% of Skysong Corporation's voting stock on January 1, 2025 for $900000. In 2025, Skysong earned $436000 and paid dividends of $268000. Oriole's 40% interest in Skysong gives Oriole the ability to exercise significant influence over Skysong's operating and financial policies. In 2026, Skysong earned $521000 and paid cash dividends of $144000 on April 1 and $144000 on October 1. On July 1, 2026, Oriole sold half of its stock in Skysong for $633000 cash. The gain be on sale of this investment reported in Oriole's 2026 income statement is $126100. $149400. $100600. $183000. Save for Later Attempts: 0 of 1 used Submit Answer

Oriole, Inc. acquired 40% of Skysong Corporation's voting stock on January 1,2025 for $900000. In 2025, Skysong earned $436000 and paid dividends of $268000. Oriole's 40% interest in Skysong gives Oriole the ability to exercise significant influence over Skysong's operating and financial policies. In 2026, Skysong earned $521000 and paid cash dividends of $144000 on April 1 and $144000 on October 1 . On July 1, 2026, Oriole sold half of its stock in Skysong for $633000 cash. The gain be on sale of this investment reported in Oriole's 2026 income statement is $126100. $149400. $100600. $183000

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