Question

O 2 .2017. Pero purchased 27% of Wey Company voting for $150.000 During 2017 Wiley Income of $102.000 and a total dividends $27.000 Plu s the equity method to account for this investment Pe's income from the Wiley Investment $27.000 $28,300 $22.440 $33.000 Question 17 2 pts On January 2, 2017 NI purchased 100% of Huskie Corp. for $120.000. The book value of the Huskies 85120000 and the book value of its abilities is $60.000. The market value of the net 80.000.Goodwill should be reporter $20.000 $40.000 $48.000 550.000

Answer 1

1) Calculate investment amount

Initial investment	150000
Net income (102000*22%)	22440

So answer is c) $22440

2) Calculate goodwill

Purchase price	128000
Fair market value of net assets	-80000
Goodwill	48000

So answer is c) $48000