Garrison co. owns 20000 of the 50000 outstanding shares of, Ask an Expert

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Garrison Co. owns 20,000 of the 50,000 outstanding shares of Steele, Inc. common stock. During 2011, Steele earns $800,000 and pays cash dividends of $640,000. If the beginning balance in the investment account was $500,000, the balance at December 31, 2011 should be ??

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Accounting Basics, Accounting

Category:- Accounting Basics
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