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Calculate the balance at December

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Question - Foucault Company owns 40,000 of the 100,000 outstanding shares of Mango Inc. common stock. During 2018, Mango earns $640,000 and pays cash dividends of $480,000. If the beginning balance in Foucault's investment account was $430,000, calculate the balance at December 31, 2018?

Reference no: EM132490397

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