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On January 2, 20X3, Kean Company purchased a 40 percent interest in Pod Company for $250,000. Pod reported net income of $100,000 for 20X3 and
On January 2, 20X3, Kean Company purchased a 40 percent interest in Pod Company for $250,000. Pod reported net income of $100,000 for 20X3 and paid a dividend of $10,000. Kean accounts for this investment using the equity method. In its December 31, 20X3, balance sheet, what amount should Kean report as its investment in Pod?
A - 160,000 b 277,000 c 340,000 d 286,000
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