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What will green report as equity in income of investee

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Green Inc. owns 30% of Yalen Co. and uses the equity method for its investment. During the current year, Green bought inventory costing $180,000 and then sold it to Yalen for $240,000. This was Yalen's first and only inventory purchase. At year-end, Yalen had ending inventory of $24,000.

problem Question 1: Yalen reports net income of $100,000 for the year. Assume you have all the information you need to answer this. What will Green report as "equity in income of investee" for the current year?

Reference no: EM132460245

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