Viejo Inc. earns $600,000 and pays cash dividends of $150,000 during 2014. Cruz Corporation owns 73,500 of

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Viejo Inc. earns $600,000 and pays cash dividends of $150,000 during 2014. Cruz Corporation owns 73,500 of the 210,000 outstanding shares of Viejo.

What amount should Cruz show in the investment account on December 31, 2014, if the beginning of the year balance in the account was $40,000?

a. $197,500

b. $210,000

c. $157,500

d. $250,000

Related Book For answer-question

Advanced Accounting

ISBN: 978-0077431808

10th edition

Authors: Joe Hoyle, Thomas Schaefer, Timothy Doupnik

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Posted Date: Jun 23, 2022 05:19 AM

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Viejo Inc. earns $600,000 and pays cash dividends of $150,000 during 2014. Cruz Corporation owns 73,500 of

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Ownership percentage 73500210000 35 ... View the full answer

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