Determine its equity investments account on december

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Question - Blanco Company purchased 200 of the 1,000 outstanding shares of Darby Company's common stock for $600,000 on January 2, 2021. During 2021, Darby Company declared dividends of $100,000 and reported earnings for the year of $400,000. If Blanco Company used the fair value method of accounting for its investment in Darby Company, determine its Equity Investments (Darby) account on December 31, 2021?

Reference no: EM133189816

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