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Vaughn Incorporated acquired all of the outstanding common stock of Roberts Company on January 1,2023,...

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Accounting

Vaughn Incorporated acquired all of the outstanding common stock of Roberts Company on January 1,2023, for $276,000. Annual amortization of $21,000 resulted
from this acquisition. Vaughn reported net income of $80,000 in 2023 and $60,000 in 2024 and paid $24,000 in dividends each year. Roberts reported net income
of $50,000 in 2023 and $57,000 in 2024 and paid $12,000 in dividends each year. What is the Investment in Roberts Company balance on
December 31,2024, if the equity method has been applied?
Multiple Choice
$317,000
$368,000
$341,000
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