On January 1, 2021, Goyeche Corporation purchased 30% of the common shares of Grafenburg Limited for $400,000. During 2021, Grafenburg Limited paid cash dividends of $60,000 and had profit of $300,000. During the same period, Goyeche earned $500,000 and paid dividends of $125,000. Both corporations have a December 31 year end. On December 31, 2021, the balance in Goyeche's Investment in Associate–Grafenburg Common Shares account is

Select one:

A. $192,000.

B. $400,000.

C. $640,000.

D.$472,000.

Answer rating: 100% (QA)

Solution Option D 472000 Particulars Amount Amount A... View the full answer