Question 22

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On Jan 1, 2020, X Company acquired 10% of the voting common stocks of Z Company for $200000. The intent of X is to hold the shares for five years. Z Company achieved $100000 net income and announced $80000 cash dividends. On December 31, 2020. The account of "stock investment" will be:

a.

203000

b.

240000

c.

200000

d.

325000