The amount of equity income is mathematically given as
CI= $22,672
This is further explained below.
<h3> What amount of equity income would
Borgin have recognized in 2021 from its ownership
interest in burkes?</h3>
Generally, The amount of capital income that Borgin would realize in 2021 as a result of the company's ownership stake in Burkes
CI = [(108,000 × 0.30) – 8,000 + [(48,000 – 28,800) × 0.25 × 0.30) – [(60,000 – 33,600) × 0.40 × 0.30)
CI= 24,400 + 1,440 – 3,168
CI= $22,672
In conclusion, the amount of equity income
CI= $22,672
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