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Business, 22.07.2020 18:01 ali0222

Blanco Company purchased 200 of the 1,000 outstanding shares of Darby Company's common stock for $450,000 on January 2, 2021. During 2021, Darby Company paid dividends of $125,000 and reported earnings for the year of $300,000. Fair market value of the stock on 12/31/21 was $450,000. If Blanco Company appropriately used the fair value method of accounting for its investment in Darby Company, its income related to its Darby investment included in 2021 Net Income will be:

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Blanco Company purchased 200 of the 1,000 outstanding shares of Darby Company's common stock for $45...
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