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Question - On January 1, 2013, Anderson Company purchased 40% of the voting common stock of Barney Company for $2,000,000, which approximated book value. During 2013, Barney paid dividends of $30,000 and reported a net loss of $70,000. What amount of equity income would Anderson recognize in 2013 from its ownership interest in Barney?
$12,000 income.
$12,000 loss.
$16,000 loss.
$28,000 income.
$28,000 loss.
What types of Internet positions would you expect to see at the company?
Calculate the costs charged as of month's end and the equivalent units of production for Job No. 2
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