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What amount should Ryan show in the investment account

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Question - During calendar 2020, Davel Corp. reported net income of $45,000 and paid total cash dividends of $15,000. Ryan Inc. owns 2,250 of the 7,500 outstanding shares of Davel and exercises significant influence. What amount should Ryan show in the investment account at December 31, 2020 if the beginning of the year balance in the account was $60,000?

a. $69,000

b. $60,000

c. $73,500

d. $90,000

Reference no: EM132752715

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