Question
On January 1, 2015, Parris Corporation purchased 75% of Samitz Corporation for $100,000. On November 17, 2015, Samitz Corporation declared total dividends of $12,000. At
On January 1, 2015, Parris Corporation purchased 75% of Samitz Corporation for $100,000. On November 17, 2015, Samitz Corporation declared total dividends of $12,000. At year-end, Samitz Corporation reported profit of $60,000. The balance in the Parris Corporation's Investment in Samitz Corporation at December 31, 2015 should be?
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College Accounting Chapters 1-15
Authors: James A Heintz, Robert W Parry
19th Edition
0324376162, 978-0324376166
