Business, 09.12.2021 04:10 alicia186

On January 1, 2020, Cale Corp. paid $1,020,000 to purchase Kaltop Co. Kaltop maintained separate incorporation. Cale used the equity method to account for the investment. The following information is available for Kaltop's assets, liabilities, and stockholders' equity accounts: Picture Kaltop earned net income for 2020 of $126,000 and paid dividends of $48,000 during the year. If Cale Corp. had net income of $444,000, exclusive of the investment, what is the amount of consolidated net income

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On January 1, 2020, Cale Corp. paid $1,020,000 to purchase Kaltop Co. Kaltop maintained separate inc...