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Stephen Moving & Storage Co paid $140,000 for 20% of the common stock of Gill Co. at the beginning of the year. During the year,

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Stephen Moving & Storage Co paid $140,000 for 20% of the common stock of Gill Co. at the beginning of the year. During the year, Gill earned net income of $40,000 and paid dividends of $10,000. The carrying value of Stephen's investment in Gill at the end of the year is A. $146,000. B. $140,000. C. $180,000. D. $170,000. Stephen Moving & Storage Co paid $140,000 for 20% of the common stock of Gill Co. at the beginning of the year. During the year, Gill earned net income of $40,000 and paid dividends of $10,000. The carrying value of Stephen's investment in Gill at the end of the year is A. $146,000. B. $140,000. C. $180,000. D. $170,000

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