Business, 12.08.2020 08:01 gggggg47

Tracy Company owns 4,000 of the 10,000 outstanding shares of Penn Corporation common stock. During 2018, Penn earns $450,000 and pays cash dividends of $150,000. If the beginning balance in the investment account was $900,000, the balance at December 31, 2018 should be:. a. $900,000.

b. $1,020,000.

c. $1,080,000.

d. $1,200,000.

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Tracy Company owns 4,000 of the 10,000 outstanding shares of Penn Corporation common stock. During 2...

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