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The Alabama Company owns 30% of the Georgia Company and correctly accounts for its investment...

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Accounting

The Alabama Company owns 30% of the Georgia Company and correctly accounts for its investment under the equity method. At the beginning of 2020 Alabama Company showed its investment in Georgia Company as $35,000. During 2020 Georgia Company reported income of $10,000 and paid $6000 in dividends. What is the book value of Georgia Company on Alabamas books on December 31,2020?

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a

$35000

b

$45000

c

$39000

d

$36200

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