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What is the balance in Fargo Corporations Investment

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Question - On January 1, 2021, Fargo Corporation purchased a significant influence shares investment in Concord Corporation for $200,000.  This investment balance represents 40% of the equity of the Concord Corporation.  During 2021, Concord Corporation reported Net Income of $130,000 on November 15, 2021 Concord Corporation paid cash dividends of $30,000 to its shareholders. Using this information, what is the 2021 year-end balance in Fargo Corporations Investment in Concord Corporation account? Enter as whole dollars (no cents).

Reference no: EM133105616

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