Business, 24.02.2020 18:56 ayoismeisjjjjuan

In January of the current year, Onyx Corporation purchased a 35% interest in Scout Inc. for $225,000. During the year, Scout Inc. declared and paid $37,000 of dividends. For the year ended December 31, Scout Inc. reported net income of $75,000. Determine the amount of the investment at year-end.

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In January of the current year, Onyx Corporation purchased a 35% interest in Scout Inc. for $225,000...

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