Homework Answers
Answer:
The calculation made by you is correct.
Since,30% investment made by Marigold company make it entitled for 30% share in the net income of Concord Corporations.That is why Marigold income will increase by;
=Investment*Net income of Concord corporations
=30%*$342,000
=$102600
Thus correct answer is option $102,600
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Marigold Company owns 30% Interest in the stock of Concord Corporation....
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