Subsidiary for 2013 showed a gain or loss of
A. $ 4,500.
B. $ 5,000.
C. $10,800.
D. $12,000.
Answer:B
Subsidiary for 2013 showed a gain or loss of
A. $ 4,500. B. $ 5,000. C. $10,800. D. $12,000.
Explanation: B) [($588,000 0.25) -$152,000]