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What are the fy balances in alpha company account

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Reference no: EM132528001

On January 1, 2017, Alpha Company purchased a significant influence shares investment in the Bravo-Zulu Company for $250,000. This investment balance represents 25% of the equity of the Bravo-Zulu Company. During 2017, Bravo-Zulu Company reported Net Income of $25,000 on November 15, 2017 Bravo-Zulu Company paid cash dividends of $10,000 to its shareholders.

Question 1: Using this information, what are the FY 2017 balances in Alpha Company's account balances for:

a. Investment in Bravo-Zulu

b. Investment Income

Reference no: EM132528001

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