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Posted on Oct 01, 2024

Howell reported net income of $ 1 0 0 , 0 0 0 in 2 0 2 3 and $ 1 2 0 , 0

Howell reported net income of $

100, 000

2023

and $

120, 000

2024

while paying $

40, 000

in dividends each year. What is the balance in Ackers Investment in Howell account at December

31, 2023 ?

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