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Home New Tab moodle.aum.edujo JM e-Learning System NAVIGATION Question 1 2 3 4 6 7 Not yet and D 10 11 12 13 14 Marked

image text in transcribed Home New Tab moodle.aum.edujo JM e-Learning System NAVIGATION Question 1 2 3 4 6 7 Not yet and D 10 11 12 13 14 Marked out of 1.00 P 16 17 18 19 20 21 23 24 25 26 27 20 30 sh attempt 0:51:40 od-out ce doc A PType to search Reem Alsohet On January 1, 2013, Jang Company acquired a 10% interest in Sheon Corporation for $160.000 when Sheon's stockholders equity consisted of $400,000 capital stock and $100,000 retained eamings Book values of Sheon's net assets equaled their values on this dale Sheon's net income and dividends for 2013 through 2015 were as follows 2013 2014 2015 Net income $8,000 $10,000 $15.000 Dividends p 5,000 5.000 5,000 Assume that Jang lecorporated used the cost method of accounting for its investment in Sheon. The balance in the Sheon account at December 31, 2015 w Select one: $190 000 $166 400 $153.400 $160 000 DELL 20 B A BE 11:00 AM 400image text in transcribed

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