Balance in investment in peasant account

Reference no: EM13143742

Peasant purchased 80 percent of slave at the beginning of 2005 for book value and used the equity method to account for its investment. Peasant's investment account balance at teh beginning of 2006 was $581.000. during 2006 slave reports a net loss of $60,000 yet pays dividends totaling $25,000. Calculate the balance in the investment in peasant account at the end of 2006?

Reference no: EM13143742

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