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What value would Apple show on its balance sheet

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Question - Assume Apple buys 30% of Microsoft's common stock for $200 million on January 1, 2017. Microsoft has $350 million in net income for 2017, declares a dividend of $10 million in 2017, and its stock price increases by 20% during 2017. What value would Apple show on its balance sheet at 12/31/2017 for its investment in Microsoft?

a. $200 million

b. $240 million

c. $302 million

d. $308 million

Reference no: EM132534934

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