Business, 19.05.2020 14:00 Madisonaubrey22

Bloomfield Bakers accounts for its investment in Clor Confectionary under the equity method. Bloomfield carried the Clor investment at $150,350 and $165,950 at December 31, 2020, and December 31, 2021, respectively. During 2021 Clor recognized $75,000 of net income and paid dividends of $20,050.
Required:
a) Assuming that Bloomfield owned the same percentage of Clor throughout 2021, its percentage ownership must have been .

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Bloomfield Bakers accounts for its investment in Clor Confectionary under the equity method. Bloomfi...

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