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Question 13 Not yet answered Marked out of 1.00 P Flag question On 1/1/2019,X Co purchased a 30% interest in Y Co for $340,000.Y reported
Question 13 Not yet answered Marked out of 1.00 P Flag question On 1/1/2019,X Co purchased a 30% interest in Y Co for $340,000.Y reported net income of $100,000 for 2019 and declared and paid a dividend of $10,000. X co using the Cost method. In its 31/12/ 2019, balance sheet what amount should X report as its investment in Y? Select one: a. 277,000 b. 250,000 c. 340,000 d. 223,000
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