given the below facts what is the total income


Given the below facts, what is the total income effect for the year for an investor for its equity-method investment?

Type of Investment: Equity Method

Cost of Investment

$80

Fair value of investment at end of the year

$90

Total dividends received from investment over the year

$10

Total Net income of investee over the year

$200

Percentage of voting shares of investee owned by investor

20%

Income for the year

 

Request for Solution File

Ask an Expert for Answer!!
Taxation: given the below facts what is the total income
Reference No:- TGS0275348

Expected delivery within 24 Hours