On January 1,Year 1,Teddy Bear Company purchased 25% of the common shares of one of its major suppliers-Fluff n' Stuff,for $1,000,000 cash.On November 1,Year 1,Fluff n' Stuff declared and paid a cash dividend of $50,000.Further,for the year ended December 31,Year 1,Fluff n' Stuff reported net income of $200,000.

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The Answer of On January 1,Year 1,Teddy Bear Company purchased 25% of the common shares of one of its major suppliers-Fluff n' Stuff,for $1,000,000 cash.On November 1,Year 1,Fluff n' Stuff declared and paid a cash dividend of $50,000.Further,for the year ended December 31,Year 1,Fluff n' Stuff reported net income of $200,000.

On January 1,Year 1,Teddy Bear Company Purchased 25% of the Common