On January 1, Alvah Company purchased 2,000 common shares (25%) of Maywood Corporation as a long-term...

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On January 1, Alvah Company purchased 2,000 common shares (25%) of Maywood Corporation as a long-term investment for $285,000. Later in the year, Maywood paid $33,000 in total cash dividends on December 15 and reported net income of $94.000 for the year ended December 31. Determine the amount reported as an equity method investment on Alvah's December 31 balance sheet: Less: Dividends $ 285,000 + Plus: Eamings Balance $ 285,000 On January 1, Alvah Company purchased 2,000 common shares (25%) of Maywood Corporation as a long-term investment for $285,000. Later in the year, Maywood paid $33,000 in total cash dividends on December 15 and reported net income of $94.000 for the year ended December 31. Determine the amount reported as an equity method investment on Alvah's December 31 balance sheet: Less: Dividends $ 285,000 + Plus: Eamings Balance $ 285,000