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Best Corporation acquired 4,000 shares of Better corporation at a cost of $120,000. Better corporation has 16,000 shares outstanding. In 2020, Better corporation declared a
Best Corporation acquired 4,000 shares of Better corporation at a cost of $120,000. Better corporation has 16,000 shares outstanding. In 2020, Better corporation declared a dividend of $30,000 to its outstanding shareholders of record and also reported a net income of $45,000 for the year. Calculate the value of investment of Best Corporation. [4]
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