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Alexander Moving & Storage Co. paid $180,000 for 20% of the common stock of McDonough Co. McDonough earned net income of $90,000 and paid dividends

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Alexander Moving & Storage Co. paid $180,000 for 20% of the common stock of McDonough Co. McDonough earned net income of $90,000 and paid dividends of $35,000. The carrying value of Alexander's investment in McDonough is O A. $180,000. O B. $270,000. OC. $235,000 OD. $191,000

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