Homework Answers
| Balance in Cunningham's Equity Investment account | 720000 | |
| Less: Share of Net income | -112500 | =450000*25% |
| Add: Dividends received | 45000 | =180000*25% |
| Amount Cunningham pay for its 25% interest in Durham | 652500 |
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On January 1, 2016, Cunningham Co, purchased 25% of Durham Corp.'s common stock at book value...
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