Business, 18.09.2019 22:30 marlandwilliams10

On january 1, 20x4, pony company acquired 25% of stallion company's common stock at underlying book value of $200,000. stallion has 80,000 shares of $10 par value, 6 percent cumulative preferred stock outstanding. no dividends are in arrears. stallion reported net income of $270,000 for 20x4 and paid total dividends of $140,000. pony uses the equity method to account for this investment. based on the preceding information, what amount would pony company receive as dividends from stallion for the year?

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On january 1, 20x4, pony company acquired 25% of stallion company's common stock at underlying book...