In january 2014, domingo, inc., acquired 20 percent of the outstanding common stock of martes, inc., for $700,000. this investment gave domingo the ability to exercise significant influence over martes. martes's assets on that date were recorded at $3,900,000 with liabilities of $900,000. any excess of cost over book value of the investment was attributed to a patent having a remaining useful life of 10 years. in 2014, martes reported net income of $170,000. in 2015, martes reported net income of $210,000. dividends of $70,000 were declared in each of these two years. what is the equity method balance of domingo's investment in martes, inc., at december 31, 2015? $728,000.$756,000.$748,000.$776,000 .

$728,000

Explanation:

Domingo, Inc acquire for 700,000 the 20% of Martes's Equity

book value:

3,900,000 assets - 900,000 liab = 3,000,000

20% = 600,000

The difference will be attribute to a patent which useful life is 10 years.

700,000 - 600,000 = 100,000

amortization: 100,000/10 = 10,000 per year

Martes Net income 170,000 x 20% = 42,000

Martes Net income 210,000 x 20% = 42,000

Martes dividends 70,000 x 20% = 14,000

Martes dividends 70,000 x 20% = 14,000

beginning balance         700,000

net income                        34,000

net income                        42,000

dividends                          (28,000)

amortization on patent    (20,000)  

net                                     728,000

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answer: a. the kind of population living in your neighbourhood.

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