Solution-Discuss what amount of loss should twelve company

Discuss what amount of loss should twelve company report

Reference no: EM131755865

Twelve Company purchased a 40% interest in A Company for $1,500,000 on January 1, 2013. On November 1, 2013, A Company declared and paid $1 million in dividends. On December 31, A Company reported a net loss of $6 million for the year. What amount of loss should Twelve Company report on its income statement for 2013 relative to its investment in A Company?

Reference no: EM131755865

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Discuss what amount of loss should twelve company report

Reference no: EM131755865

Reference no: EM131755865

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