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Imagery Company purchased 30% of the voting stock of Rowe Company for $36,000 on January...

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Question

Accounting

Imagery Company purchased 30% of the voting stock of Rowe Company for $36,000 on January 1 of the current year. During the year, Rowe Company earned $42,000 net income and paid $9,000 in dividends.
At the end of the year, the Investment in Rowe Company account should have a balance of:
Select one:
a. $45,900
b. $48,600
c. $36,000
d. $69,000

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