adjustment for Atlantic’s fair value – Global Homework Experts

On January 1, Marcum’s Landscape purchased 10,000 shares (35%) of the common stock of Atlantic Irrigation for $ 600,000. Below are amounts reported by both companies for the year? Required: For Marcum’s Landscape, record the initial purchase, its share of Atlantic’s net income and dividends, and the adjustment for Atlantic’s fair value at the end of the year, ifappropriate.

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