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ACCOUNTING DUE IN 4 HOURS

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Charlie Co. owns 30% of the voting common stock of Turf Services Inc. Charlie uses the equity method to account for its investment. On January 1, 2011, the balance in the investment account was $624,000. During 2011, Turf Services reported net income of $120,000 and paid dividends of $30,000.;What is the balance in the investment account as of December 31, 2011?

 

Paper#75699 | Written in 18-Jul-2015

Price : $27
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