_____ On 1/1/06, the carrying value of Plano Company's investment in its 100%-owned created subsidiary, Slano, was $600,000. During 2006, Slano reported a loss of $700,000. Under the equity method, what amount should be reported in Plano's separate income statement for 2006, relating to its investment in Slano, if Slano's debt is

Question

_____ On 1/1/06, the carrying value of Plano Company's investment in its 100%-owned created subsidiary, Slano, was $600,000. During 2006, Slano reported a loss of $700,000. Under the equity method, what amount should be reported in Plano's separate income statement for 2006, relating to its investment in Slano, if Slano's debt is
_____ On 1/1/06, the carrying value of Plano Company's investment in its 100%-owned created subsidiary, Slano, was $600,000. During 2006, Slano reported a loss of $700,000. Under the equity method, what amount should be reported in Plano's separate income statement for 2006, relating to its investment in Slano, if Slano's debt is

Quizplus · Accepted Answer

The Answer of _____ On 1/1/06, the carrying value of Plano Company's investment in its 100%-owned created subsidiary, Slano, was $600,000. During 2006, Slano reported a loss of $700,000. Under the equity method, what amount should be reported in Plano's separate income statement for 2006, relating to its investment in Slano, if Slano's debt is

_____ on 1/1/06, the Carrying Value of Plano Company's Investment