Business
Business, 18.01.2020 03:31, kitttimothy55

Francis, inc. acquired 40% of park's voting stock on january 1, 2020 for $420,000. during 2020, park earned $120,000 and paid dividends of $60,000. during 2021, park earned $160,000 and paid dividends of $50,000 on april 1 and $40,000 on december 1. on july 1, 2021, francis sold half of its stock in park for $275,000 cash. the equity investment balance at december 31, 2020 is: a. $420,000b. $444,000c. $408,000d. $492,000

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Francis, inc. acquired 40% of park's voting stock on january 1, 2020 for $420,000. during 2020, park...

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