A company pays $ 500,000 for 30% of the common shares of The Stock Market....
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Accounting
A company pays $ 500,000 for 30% of the common shares of The Stock Market. In the first year of ownership, The Stock Market reports net income/profit of $ 80,000 and pays a cash dividend of $ 30,000. What is the balance in InvestmentsThe Stock Market (Investment in Associate), at year end under the equity method?
Do not round intermediary answers. Round your final answer to the nearest $. Do not use $ signs in your final answer.
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