Investor has a 40 ownership interest in the common stock of

Reference no: EM13570669

Investor has a 40% ownership interest in the common stock of Investee. Investor paid $10,000 more than<?xml:namespace prefix = o ns = "urn:schemas-microsoft-com:office:office" />

book value for its 40% interest and regards the excess as attributable to goodwill. If Investee reports income of $200,000 and pays dividends of $50,000, the operating activities of the consolidated statement of cash flows) will reflect an adjustment of The answer is $60,000. Can you show me how this answer is calculated?

Reference no: EM13570669

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