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Jackson Moving & Storage Co. paid $160,000 for 25% of the common stock of Sellers...

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Question

Accounting

Jackson Moving & Storage Co. paid $160,000 for 25% of the common stock of Sellers Co. Sellers earned net income of$50,000 and paid dividends of $35,000. The carrying value of Jackson's investment in Sellers is

A. $163,750.

B. $210,000.

C. $175,000.

D) $160,000.

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