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Home Q & A Board Other Fields Homework Help Business Accounting
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Fernan1999 Fernan1999
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5 years ago
Eagle Exporters purchased 120,000 of the 300,000 outstanding shares of Giant Distributors for $5,000,000.  Eagle has significant influence over Giant and will account for this investment using the equity method.  During the year, Giant declared dividends of $100,000 and reported Net Income of $840,000.  What is the balance in the Investment in Giant account at year end?
A) $4,624,000
B) $4,704,000
C) $5,376,000
D) $5,296,000
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Intermediate Accounting

Intermediate Accounting


Edition: 1st
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han12han12
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5 years ago
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Fernan1999 Author
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5 years ago
I appreciate what you did here, answered it right Smiling Face with Open Mouth
Lawson1981
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Yesterday
Thank you, thank you, thank you!
loki1345
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2 hours ago
Thanks for your help!!
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