Business
Business, 05.05.2020 21:38, taniyahbenyamin2

92) Bloomfield Bakers accounts for its investment in Clor Confectionary under the equity method. Bloomfield carried the Clor investment at $150,000 and $165,000 at December 31, 2020, and December 31, 2021, respectively. During 2021 Clor recognized $80,000 of net income and paid dividends of $30,000. Assuming that Bloomfield owned the same percentage of Clor throughout 2021, its percentage ownership must have been:

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92) Bloomfield Bakers accounts for its investment in Clor Confectionary under the equity method. Blo...

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