Company had net income of 25000 and paid a cash dividend of, Ask an Expert

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If Doleman Company acquired a 20% interest in Barnes Company on December 31, 2000 for $45,000 and during 2002 Barnes Company had net income of $25,000 and paid a cash dividend of $10,000, applying the fair value method would give a debit balance in the Investment in Barnes Company Stock account at the end of 2002 of:

A) $37,000.

B) $50,000.

C) $48,000.

D) none of the above

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Accounting Basics, Accounting

Category:- Accounting Basics
Reference No.:- M957198

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