Oriole Company acquired a 40% interest in Gannon Corporation on December 31, 2017 for $1805000. During 2018,
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Question:
Oriole Company acquired a 40% interest in Gannon Corporation on December 31, 2017 for $1805000. During 2018, Gannon had net income of $1030000 and paid cash dividends of $265000. At December 31, 2018, the balance in the investment account should be
$2217000.
$2111000.
$1805000.
$2323000.
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