Its investment in clor confectionary under the equity method

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Reference no: EM131259505

Bloomfield Bakers accounts for its investment in Clor Confectionary under the equity method. Bloomfield carried the Clor investment at $150,000 and $165,850 at December 31 of 2012 and 2013, respectively. During 2013 Clor recognized $75,500 of net income and paid dividends of $20,550. Assuming that Bloomfield owned the same percentage of Clor throughout 2013, their percentage ownership must have been (Round your answer to the nearest whole percent):

All methods and formulas used must be in complience with GAAP standards, please no excel or calculator tricks and show how you got your numbers and the awnser, please.

Reference no: EM131259505

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Its investment in clor confectionary under the equity method : Bloomfield Bakers accounts for its investment in Clor Confectionary under the equity method. Bloomfield carried the Clor investment at $150,000 and $165,850 at December 31 of 2012 and 2013, respectively. During 2013 Clor recognized $75,500 of net inc..

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