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What is the carrying amount of larkins investment in devon

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Larkin Co. has owned 25% of the common stock of Devon Co. for a number of years, and has the ability to exercise significant influence over Devon. The following information relates to Larkin's investment in Devon during the most recent year:

Carrying amount of Larkin's investment in Devon at the beginning of the year $200,000

Net income of Devon for the year 600,000

Total dividends paid to Devon's stockholders during the year 400,000

What is the carrying amount of Larkin's investment in Devon at year end?

Reference no: EM132331663

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