Mauve Company owns 10,000 shares of Teal Corporation's stock; Teal currently has 40,000 shares outstanding. During the year, Teal had net income of $200000 and paid out $75,000 in dividends. At the beginning of the year, there was a balance of $153,000 in Mauve's equity method investment in Teal Corporation account. At the end of the year, the balance in this account should be?

Answer rating: 100% (QA)

Under the equity method the initial investment in Teal Corporation by Mauve Company was recorded at ... View the full answer