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Find what is the balance in the parent company

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Reference no: EM132646518

Problem 1: A 30% share was purchased in Company X at the beginning of the year for 300000. During the year, company X reported net income of 200000 and paid dividends of 50000. What is the balance in the parent company's "Investment in Affiliates" account at year-end and what is the amount of income included in the parent company's income statement related to this investment?

Reference no: EM132646518

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