An ownership interest of 15% in another company s voting stock should be accounted for using the:
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An ownership interest of 15% in another company s voting stock should be accounted for using the:
| cost method. | ||
| fair value method. | ||
| consolidation method. | ||
| equity method. |
"Sunland Company owns 17000 of the 50000 outstanding shares of Taylor, Inc. common stock. During Year 18, Taylor earns $1080000 and pays cash dividends of $870000. If the beginning balance in the investment account was $690000, the balance at December 31, Year 18 should be"
| "$690,000.00 " | ||
| "$761,400.00 " | ||
| "$900,000.00 " | ||
| "$1,057,200.00 " |
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