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4. Nancy Emerson owns 50 percent of the common stock of Marks Corporation. She paid $25,000 for this stock in 20X3. At December 31, 20X8,
4. Nancy Emerson owns 50 percent of the common stock of Marks Corporation. She paid $25,000 for this stock in 20X3. At December 31, 20X8, her 50 percent stock ownership in Marks had a current value of $185,000. Markss cumulative net income and cash dividends declared for the five years ended December 31, 20X8, were $300,000 and $30,000, respectively. In Nancys personal statement of financial condition at December 31, 20X8, what amount should she report as her net investment in Marks?
Multiple Choice
$0
$25,000
$185,000
$175,000
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