Business, 27.02.2021 19:20 tyrique86

If Goebel Company acquired a 20% interest in Dobbs Company on December 31, 2011 for $135,000 and during 2013 Dobbs Company had net income of $75,000 and paid a cash dividend of $30,000, applying the fair value method would give a debit balance in the Equity Investments (Dobbs) account at the end of 2013 of a. $111,000. b. $135,000. c. $150,000. d. $144,000. 102. If Goebel Company acquired a 30% interest in Dobbs Company on December 31, 2012 for $210,000 and during 2013 Dobbs Company had net income of $75,000 and paid a cash dividend of $30,000, applying the equity method would give a debit balance in the Equity Investments (Dobbs) account at the end of 2013 of a. $210,000. b. $223,500. c. $232,500. d. $201,000.

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If Goebel Company acquired a 20% interest in Dobbs Company on December 31, 2011 for $135,000 and dur...

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