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On January 1.2017 Bright Corporation purchased 10,000 of the 25,000 outstanding shares of 2017 Quest Corporation reported net income of $200,000 and dividends declared and
On January 1.2017 Bright Corporation purchased 10,000 of the 25,000 outstanding shares of 2017 Quest Corporation reported net income of $200,000 and dividends declared and paid of 30000 On December 31, 2017 the market value of the Quest Corporation stock was $35 per Quest Corporation for $30 per shares as a long-term investment. For the year-ended December 31, share ithat amount should Bright Corporation report on its December 31, 2017 balance sheet for its investment in Quest Corporation? 380,000 $350,000 $584,000 $368.000 None of the above
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