FINANCIAL ACCOUNTING
10th Edition
ISBN: 9781259964947
Author: Libby
Publisher: MCG
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A corporation using the equity method of accounting for its investment in a 80%–owned investee, which earned $20,000 and paid $5,000 in dividends
What is the ending balance of investment on 31/12 if investment in 1/1 amount 100,000$ ?
Select one:
a. 112,000
b. 115,000
c. 120,000
d. 100,00
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