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Calculate the balance in investment in tin company account

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Reference no: EM132594982

On January 1, 2019, QZP Company purchased 44% of the outstanding common stock of Tin Company for $180,000 cash.

For 2019, QZP Company reported investment revenue of $33,000 related to its investment in Tin Company. At December 31, 2019, the investment in Tin Company account had a balance of $204,596.

For 2020, Tin Company reported a net income of $52,000 and paid total dividends (dividends paid to all its stockholders) of $36,000.

Question 1: Calculate the balance in the investment in Tin Company account reported on QZP Company's December 31, 2020 balance sheet.

Reference no: EM132594982

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