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Business, 19.11.2019 05:31 jonathanrgarcia

Frankfort corporation purchases an investment in bradley, inc. at a purchase price of $9.8 million cash, representing 40% (at book value) of bradley. during the year, bradley reports net income of $1,680,000 and pays $413,000 of cash dividends. at the end of the year, the market value of frankfort’s investment is $11.9 million. what amount of equity earnings would be reported by frankfort corporation? select one: a. $165,000b. $672,000c. $507,000d. $1,267,000e. none of the above

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Frankfort corporation purchases an investment in bradley, inc. at a purchase price of $9.8 million c...
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