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Eagle Exporters purchased 80,000 of the 200.000 outstanding shares of Giant Distributors for $8.000.000 Eagle has significant influence over Giant and will account for
Eagle Exporters purchased 80,000 of the 200.000 outstanding shares of Giant Distributors for $8.000.000 Eagle has significant influence over Giant and will account for his investment using the equity method. During the year Giant declared dividends of $170,000 and reported Net Income of $830,000. What is the balance in the Investment in Giant account at year and OA $7,600.000 $8.264,000 OC $7.730,000 OD. $6.400,000
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