Multiple Choice
McComb Inc. earns $900,000 and pays cash dividends for $300,000 during 2014. SFX Corporation owns 70,000 of the 210,000 outstanding shares of McComb. What amount should SFX show in the investment account at December 31, 2014 if the beginning of the year balance in the account was $100,000?
A) $300,000
B) $200,000
C) $280,000
D) $400,000
Correct Answer:
Verified
Correct Answer:
Verified
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