Business
Business, 23.07.2019 16:10, JesusisLord2881

Pint corporation holds 70 percent of size company's voting common stock. on january 1, 20x3, size paid $500,000 to acquire a building with a 10-year expected economic life. size uses straight-line depreciation for all depreciable assets. on december 31, 20x8, pint purchased the building from size for $180,000. pint reported income, excluding investment income from size, of $140,000 and $162,000 for 20x8 and 20x9, respectively. size reported net income of $30,000 and $45,000 for 20x8 and 20x9, respectively. based on the preceding information, the amount to be reported as consolidated net income for 20x9 will be:

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Pint corporation holds 70 percent of size company's voting common stock. on january 1, 20x3, size pa...

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