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1. On January 1,2022 , Company A purchased 30% of the voting common stock of Company B for $1,000,000. During 2022, Company B paid dividends

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1. On January 1,2022 , Company A purchased 30% of the voting common stock of Company B for $1,000,000. During 2022, Company B paid dividends to all shareholders of $24,000 and reported a net loss of $140,000. What is the balance in the investment account on December 31, 2022? A. $990,100 B. $950,800 C. $956,400 D. Some other amount

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