Business, 21.12.2019 02:31 cinderalla16dh
Cashen co. paid $2,400,000 to acquire all of the common stock of janex corp. on january 1, 2012. janex's reported earnings for 2012 totaled $432,000, and it paid $120,000 in dividends during the year. the amortization of allocations related to the investment was $24,000. cashen's net income, not including the investment, was $3,180,000, and it paid dividends of $900,000.
question : what is the amount of consolidated net income for the year 2012? a. $3,180,000.b. $3,612,000.c. $3,300,000.d. $3,588,000.e. $3,420,000.
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Cashen co. paid $2,400,000 to acquire all of the common stock of janex corp. on january 1, 2012. jan...
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