Business, 01.09.2020 22:01 MoparorNocar061401

Panner, inc., owns 30 percent of watkins and applies the equity method. During the current year, panner buys inventory costing $93,100 and then sells it to watkins for $133,000. At the end of the year, watkins still holds only $21,400 of merchandise. What amount of gross profit must panner defer in reporting this investment using the equity method?

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Panner, inc., owns 30 percent of watkins and applies the equity method. During the current year, pan...