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Tik Corp. accounts for its 35% investment in Tok Corp. using the equity method of...

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Accounting

Tik Corp. accounts for its 35% investment in Tok Corp. using the equity method of accounting. The investment was made on January 2, 2023, at a cost of $450,000. During 2023, Tok Corporation reported $100,000 of income and paid $40,000 in dividends. After making all appropriate entries, what will be the balance in Tiks s investment in Tok Corporation common shares account?

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