Alexander Moving & Storage Inc. paid ($ 100,000) for (20 %) (i.) of the common shares of
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Alexander Moving \& Storage Inc. paid \(\$ 100,000\) for \(20 \%\) (i.) of the common shares of Sellers Ltd. Sellers earned net income of \(\$ 50,000\) and paid dividends of \(\$ 25,000\). Alexander accounts for the investment using the equity method. The carrying value of Alexander's investment in Sellers is
a. \(\$ 100,000\).
b. \(\$ 105,000\).
c. \(\$ 125,000\).
d. \(\$ 150,000\).
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Related Book For 
Financial Accounting
ISBN: 9780135433065
7th Canadian Edition
Authors: Walter Harrison, Wendy Tietz, C. Thomas, Greg Berberich, Catherine Seguin
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