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Multiple Choice Question 98 The summarized balance sheets of Carla Vista Company and Dobbs Company as of December 31, 2018 are as follows: Carla VistaCompany
Multiple Choice Question 98 The summarized balance sheets of Carla Vista Company and Dobbs Company as of December 31, 2018 are as follows: Carla VistaCompany Balance Sheet December 31, 2018 $2200000 Assets Liabilities $250000 Capital stock 1100000 850000 Retained earnings $2200000 Total equities Dobbs Company Balance Sheet December 31, 2018 $1600000 Assets Liabilities $360000 Capital stock 1050000 190000 Retained earnings $1600000 Total equities If Carla Vista Company la inter nvestments Dec 2011 390000 and during 2019 Dobbs Company had net income of $145000 and paid a cash dividend of $55000, applying the equity Dobbs would giv Equity account at $373500 $390000. O$417000. $433500
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