On January 1, 2018, Fisher Corporation paid $2,590,000 for 30 percent of the outstanding voting stock...

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On January 1, 2018, Fisher Corporation paid $2,590,000 for 30 percent of the outstanding voting stock of Steel, Inc., and app

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Answer 1

Answer #1

a
Purchase price	2590000
Equity income accrual	226800	=756000*30%
Other comprehensive loss accrual	-321000	=1070000*30%
Dividends received	-6600	=22000*30%
Investment	2489200

b
Equity in earnings	226800

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Answer 2

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On January 1, 2018, Fisher Corporation paid $2,559,000 for 31 percent of the outstanding voting stock...

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