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Beckhill Company owns 15,000 of the 50,000 outstanding ordinary shares of Du Inc. The balance in the investment account at January 1, 2018 was $750,000,000.
Beckhill Company owns 15,000 of the 50,000 outstanding ordinary shares of Du Inc. The balance in the investment account at January 1, 2018 was $750,000,000. During 2018, Du earned $1,200,000,000 and paid cash dividends of $960,000,000. The balance in the Investment in Du account reported on Beckhills December 31, 2018 statement of financial position should be:
a. $750,000,000.
b. $990,000,000.
c. $1,110,000,000.
d. $822,000,000.
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