Solution-Compute the balance in this account

Compute the balance in this account

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Question - Mauve Company owns 10,000 shares of Teal Corporation's stock; Teal currently has 40,000 shares outstanding. During the year, Teal had net income of $200000 and paid out $75,000 in dividends. At the beginning of the year, there was a balance of $153,000 in Mauve's equity method investment in Teal Corporation account. At the end of the year, compute the balance in this account?

Reference no: EM132576643

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Compute the balance in this account

Reference no: EM132576643

Reference no: EM132576643

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