On april 1, 2018, bigben company acquired 30% of the shares of littletick, inc. bigben paid $100,000 for the investment, which is $40,000 more than 30% of the book value of littletick's identifiable net assets. bigben attributed $15,000 of the $40,000 difference to inventory that will be sold in the remainder of 2018, and the rest to goodwill. littletick recognized a total of $20,000 of net income for 2018, and paid total dividends for the year $10,000; these dividends were issued quarterly. bigben's investment in littletick will affect bigben's 2018 net income by:
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On april 1, 2018, bigben company acquired 30% of the shares of littletick, inc. bigben paid $100,000...
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