Question: - QUIC - 1 2 on 27 B 9 ed On January 1, 2019, X Company purchased a 30% interest in Y Company for $250,000.

- QUIC - 1 2 on 27 B 9 ed On January 1, 2019, X Company purchased a 30% interest in Y Company for $250,000. Y reported net income of $100,000 for 2019 and declared and paid a dividend of $10,000. X using the cost method. In its December 31, 2019, balance sheet what amount should X report as its investment in Y? 15 16 out of 22 question Select one: 29 30 a. 277,000 3613 b. 340,000 C. 250,000 Finish a d. 223,000 Time le

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