Homework Answers
Answer : $ 27568
Explanation
| Income earned by Linda | $ 108000 |
| Share of betty in income $ 108000*30% | $ 32400 |
| Add - Unrealized profit ( $ 60000- $ 33600) *40 % *30% | $ 3168 |
| Less - Investment amortization | $ 8000 |
| Amount of Equity income recognized in 2018 | $ 27568 |
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