Wilco acquires 3,000 of the 10,000 shares of Seminole Corporation on January 1, 2022, for $900,000. Seminole reports $500,000 of net income in 2022 and paid $50,000 in dividends. What amount of income will Wilco report on this investment on December 31, 2022? use minority active investment

Answer rating: 100% (QA)

When accounting for a minority active investment the investor recognizes its share of th... View the full answer