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lapo4ka [179]
3 years ago
8

Bravo inc owns 20,000 of the 40,000 outstanding shares of bello, inc. common stock. During 2021, Bello earns 1,200,000 and pays

cash dividends of 960,000. IF the beginning balance in the investment account was 750,000, the balance at December 31, 2021 should be:_______
Business
1 answer:
stealth61 [152]3 years ago
4 0

Answer:

the  ending balance of the investment account is $870,000

Explanation:

The computation of the ending balance of the investment account is shown below:

= Beginning balane + [(earns - dividend) × (owns shares ÷total shares)]

= $750,000 + [($1,200,000 - $960,000) × (20,000 ÷ 40,000)]

= $750,000 + $120,000

= $870,000

Hence, the  ending balance of the investment account is $870,000

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Answer:

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Which of the following items is included in Japan’s GDP? A. the estimated value of production accomplished at home, such as ba
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