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Unformatted text preview: based on the remaining % of ownership 3. If Einstein retains only a 2 percent interest in Brooks so that it holds virtually no influence over Brooks, what figures appear in the investor's income statement for the current year? (a) Dividend Income for dividends received after August 1 (b) Gain/Loss on 1 Aug sale (c) Equity in Earnings to 1 Aug 4. If Einstein retains only a 2 percent interest in Brooks so that virtually no influence is held, does the investor have to retroactively adjust any previously reported figures? No...
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This note was uploaded on 02/20/2012 for the course ACC 3101 taught by Professor Tom during the Spring '11 term at American University in Bulgaria.
- Spring '11