question archive Question 2 4 points Manama Cow 75% of the standing common Mock of Muscata
Subject:BusinessPrice: Bought3
Question 2 4 points Manama Cow 75% of the standing common Mock of Muscata. The book values and fair value of Munca's and bites were equal. The cost of Mama's investment was cut o 75% of the book theor Mucos metu. Sepanite company income statements for Manom u Muscat for the year ended December 2020 are some fol Sale Hover lovestment income from Muscat Cost of Goods Sold Expenses Net Income Manama Muscat 52.000.000 S100,000 142.000 1.600.000) (400,000) 1459.000 (200.000 192.000 $200.000 Mammaspreed to purchase its inventory from Mucata markup of isofoon Din 2020. Muscat 198.000 wtory to Mara, Mwanasweginning wid ending venue for 3000 wow S110.000 and 8.000, petively fair of this matcheremo inconvey and December 2000 respectively Required Prepare a complicated income statement for Manoma Co and Sub for ALE