Business, 26.11.2019 05:31, loloi83

Stiller company, an 80% owned subsidiary of leo company, purchased land from leo on march 1, 2012, for $75,000. the land originally cost leo $60,000. stiller reported net income of $125,000 and $140,000 for 2012 and 2013, respectively. leo uses the equity method to account for its investment. compute income from stiller on leo's books for 2013. $100,000. $112,000. $140,000. $97,000. $125,000.

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Stiller company, an 80% owned subsidiary of leo company, purchased land from leo on march 1, 2012, f...