Balance of the stock investments-king account

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Reference no: EM13152138

On January 1, 2010, Daley Corporation purchased 30% of the common stock outstanding of King Corporation for $600,000. During 2010, King Corporation reported net income of $200,000 and paid cash dividends of $100,000. The balance of the Stock Investments-King account on the books of Daley Corporation at December 31, 2010 is

* $600,000.

* $630,000.

* $660,000.

* $570,000.

Reference no: EM13152138

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