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Calculate the balance in the investment in Bogue Company

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Reference no: EM132930496

Question - On January 1, 2029, B14a-Jq Company purchased 45% of Bogue Company's common stock for $376,000.

During 2029, Bogue Company reported a net income of $70,000 and paid dividends totaling $18,000. The market value of B14a-Jq Company's investment in Bogue Company at December 31, 2029 was $383,000.

During 2030, Bogue Company reported a net income of $83,000 and paid dividends totaling $24,000. The market value of B14a-Jq Company's investment in Bogue Company at December 31, 2030 was $398,000.

Calculate the balance in the investment in Bogue Company account at balance in the investment in Bogue Company account at December 31, 2030 December 31, 2030.

Reference no: EM132930496

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