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6 ) Mustapha Corporation bought 9 0 % of Sedacor Company's common stock at its book value of $ 4 0 0 , 0 0

6) Mustapha Corporation bought 90% of Sedacor Company's common stock at its book value of $400,000
on January 1,2014. During 2014, Sedacor reported net income of $130,000 and paid dividends of $40,000.
At what amount should Mustapha's Investment in Sedacor account be reported on December 31,2014?
A) $400,000
B) $481,000
C) $490,000
D) $530,000

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