[Solved] Crane Company owns 2800 of the 10000 outs

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Crane Company owns 2800 of the 10000 outstanding shares of Swifty Corporation common stock. During 2021, Swifty earns $330000 and pays cash dividends of $138000.

Crane Company owns 2800 of the 10000 outstanding shares of Swifty Corporation common stock. During 2021, Swifty earns $330000 and pays cash dividends of $138000. If the beginning balance in the investment account was $780000, the balance at December 31, 2021 should be $872400. $833760. $972000. $780000

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