Question
Sly Co. owns 8,000 of the 20,000 outstanding shares of DeMark, Inc. common stock. During 20X7, DeMark earns $100,000 and pays cash dividends of $80,000.
Sly Co. owns 8,000 of the 20,000 outstanding shares of DeMark, Inc. common stock. During 20X7, DeMark earns $100,000 and pays cash dividends of $80,000. If the beginning balance in the investment account was $200,000, the balance at December 31, 20X7 should be:
a. $200,000
b. $208,000
c. $220,000
d. $240,000
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Accountancy Analysis Of Financial Statements Analysis Of Financial Statements
Authors: M. Hanif, A. Mukherjee
1st Edition
1642879762, 9781642879766
