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If the captured image doesn't appear, message me and I'll type it ECo holds...

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Accounting

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ECo holds 35% of the outstanding shares of ACo. You are given the following data: For simplicity, assume that there is no goodwill, intangible assets, or profits from intercompany transactions.) Beginning book value of ECo's equity investment in ACo = $50 ACo's reported earnings for the year = $100 (Note that these are ACo's total earnings, not ECo's share of ACo's earnings.) Dividends declared and paid by ACo during the year = $40 (Note that these are ACo's total dividends, not ECo's share of ACo's dividends.) Which one of the following numbers equals the ending book value of ECo's equity investment? $110 S10 S90 S85 $71

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