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Wildhorse Corporation earns $690000 of net income and pays cash dividends of $225000 during 2025. Blossom Corporation owns 2700 of the 9000 outstanding shares
Wildhorse Corporation earns $690000 of net income and pays cash dividends of $225000 during 2025. Blossom Corporation owns 2700 of the 9000 outstanding shares of Wildhorse. What will Blossom report in the investment account at December 31, 2025 if the beginning of the year balance in the account was $930000?
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Principles of Accounting
Authors: Needles, Powers, crosson
11th Edition
1439037744, 978-1133626985, 978-1439037744
