Fizzy Cola acquired 45 of the voting stock of National Bottlers on January 1, 2017, at a cost of $55,000,000, an amount equal to 45 of National's book value Fizzy reports its investment using the equity method In 2017, National reported net income of $9,000,000 and declared and paid dividends of $4,000,000 National sells product to Fizzy at a markup of 25 on cost Fizzy had $6,000,000 of product purchased from National in its ending inventory, measured at cost to Fizzy What is Fizzy's Investment in National balance reported on its December 31, 2017 balance sheet A) $55,000,000 B) $56,710,000 C) $60,310,000 D) $57,250,000

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Fizzy Cola acquired 45  of the voting stock of National Bottlers on January 1, 2017, at a cost of $55,000,000, an amount equal to 45  of National's book value  Fizzy reports its investment using the equity method  In 2017, National reported net income of $9,000,000 and declared and paid dividends of $4,000,000  National sells product to Fizzy at a markup of 25  on cost  Fizzy had $6,000,000 of product purchased from National in its ending inventory, measured at cost to Fizzy  What is Fizzy's Investment in National balance reported on its December 31, 2017 balance sheet  A) $55,000,000 B) $56,710,000 C) $60,310,000 D) $57,250,000

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Fizzy Cola acquired 45% of the voting stock of National Bottlers on January 1, 2017, at a cost of $55,000,000, an amount equal to 45%

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