Solution-What amount of equity income should Huge recognize

What amount of equity income should Huge recognize

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Reference no: EM132470039

Question - Assume that Huge Corporation sells inventory to Tiny Corporation during 2017 and 2018 as follows:

	Cost to Huge Corporation	Price to Tiny Corporation	Year-End Balance (at transfer price)
2017	35,000	50,000	20,000 (sold in following year)
2018	33,000	60,000	40,000 (sold in following year)

Required - What amount of equity income should Huge recognize for the year 2018? Show all your calculations.

Reference no: EM132470039

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What amount of equity income should Huge recognize

Reference no: EM132470039

Reference no: EM132470039

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