Balance of the investment in the straw corporation account

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Reference no: EM131285127

On January 1, Evanston Corporation purchased 40% of the outstanding common stock of the Straw Corporation for $275,000. During the year, Straw Corporation reported net income of $100,000 and paid cash dividends of $50,000.

The balance of the Investment in the Straw Corporation account on the books of Evanston Corporation at year-end is:

$220,000

$270,000

$200,000

$295,000

Reference no: EM131285127

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