1) Calculate investment amount
Initial investment | 150000 |
Net income (102000*22%) | 22440 |
So answer is c) $22440
2) Calculate goodwill
Purchase price | 128000 |
Fair market value of net assets | -80000 |
Goodwill | 48000 |
So answer is c) $48000
O 2 .2017. Pero purchased 27% of Wey Company voting for $150.000 During 2017 Wiley Income...