Franzke Corporation purchased 500 shares of Kruk Inc. common stock at $10/ share (Johnson does...
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Accounting
Franzke Corporation purchased 500 shares of Kruk Inc. common stock at $10/ share (Johnson does not have significant influence). During the year, Kruk paid a cash dividend of $1.25 per share. At year-end, Kruk stock was selling for $11.50 per share. At what amount does Franzke report the investment on it's balance sheet at year end? $4,375$5,000$5,125$5,750
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