(Answered) Question - in january 200 wilkerson inc acquired 20 of the

Accounting

Question - In January 200, Wilkerson Inc acquired 20% of the outstanding common stock of Bremm Inc, for 700,000.00. This investment gave Wilkerson the ability to exercise significant influence over Bremm. Bremm's assets on the date were recorded at 3,900.00 with liabilities of 900,000.00any excess of cost over book value of the investment was attributed to patent having a remaining life of 10 years. In 2008 Bremm reported net income of 170,000.00in 2009. Bremm repoted a net income of 210,000.00. Dividends of 70,000.00 were paid each of these two years. What is the equity method balance of Wilkerson investment at Bremm, Inc at December 31, 2009?

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