Business, 26.12.2019 22:31 elexiafloyd

On july 1, 2018, tremen corporation acquired 40% of the shares of delany company. tremen paid $3,000,000 for the investment, and that amount is exactly equal to 40% of the book value of identifiable net assets on delany's balance sheet. delany recognized net income of $1,500,000 for 2018, and paid $180,000 of dividends each quarter to its shareholders. after all closing entries are made, tremen's "investment in delany company" account would have a balance of: multiple choice $3,300,000. $3,600,000. $3,528,000. $3,156,000.

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On july 1, 2018, tremen corporation acquired 40% of the shares of delany company. tremen paid $3,000...

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