Blanco Company purchased 200,000 of the 1,000,000 outstanding shares of Darby Company's common stock for...
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Accounting
Blanco Company purchased 200,000 of the 1,000,000 outstanding shares of Darby Company's common stock for $600,000 on January 2, 2018. During 2018, Darby Company declared dividends of $100,000 and reported earnings for the year of $400,000. The fair value of Darby's common stock on 12/31/2018 was $3.1 per share. If Blanco Company uses the fair value method of accounting for its investment in Darby Company, its Equity Investments (Darby) account at December 31, 2018 should be Group of answer choices $580,000. $620,000. $600,000. $680,000
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