Question: CALCULATOR PRINTER VERSION BACK NES Question 9 Carla Vista Company purchased 200 of the 1000 outstanding shares of Metlock Company's common stock for $550000 on
CALCULATOR PRINTER VERSION BACK NES Question 9 Carla Vista Company purchased 200 of the 1000 outstanding shares of Metlock Company's common stock for $550000 on January 2, 2021. During 2021, Metlock Company declared dividends of $75000 and reported earnings for the year of $350000. If Carla Vista Company used the fair value method of accounting for its investment in Metlock Company, its Equity Investments (Metlock) account on December 31, 2021 should be $605000. $620000. $550000 O $535000
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