What is the balance in agee investement account at the end

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Investment in equity securities

Question 1: Agee Corp acquired a 25 % interest in trent Co. On January 1 2010 for a 500,000 . At that time Trent had 1,000,000 shares of its $1 par common stock issued and outstanding. During 2010 ,Trent paid cash dividends of 160,000 and thereafter declared and issued a 5% commnstock dividend when the market ale was $2 per share . Trent's net income for 2010 was $360,000 .what is the balance in Agee's investement account at the end of 2010?

Reference no: EM132538816

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