Business, 18.09.2019 22:30, latinotimo4890

On january 1, 20x8, pullman company acquired 30 percent of skate company's common stock, at underlying book value of $100,000. skate has 100,000 shares of $2 par value, 5 percent cumulative preferred stock outstanding. no dividends are in arrears. skate reported net income of $150,000 for 20x8 and paid total dividends of $72,000. pullman uses the equity method to account for this investment. based on the preceding information, what amount would pullman company receive as dividends from skate for the year?

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On january 1, 20x8, pullman company acquired 30 percent of skate company's common stock, at underlyi...