For the year ended december 31 crane reported net income of

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On January 2, Dickson Corporation acquired 30% of the outstanding common stock of Crane Company for $550,000. For the year ended December 31, Crane reported net income of $90,000 and paid cash dividends of $30,000 on its common stock. At December 31, the carrying value of Dickson's investment in Crane under the equity method is?

Reference no: EM13585102

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