Business
Business, 03.04.2020 22:58, ineedhelp2285

Sunland Company purchased 100 of the 1000 outstanding shares of Darby Company's common stock for $660000 on January 2, 2018. During 2018, Darby Company declared dividends of $130000 and reported earnings for the year of $460000. If Sunland Company uses the equity method of accounting for its investment in Darby Company, its Equity Investments (Darby) account at December 31, 2018 should be

$660000.
$693000.
$706000.
$647000.

answer
Answers: 1

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Sunland Company purchased 100 of the 1000 outstanding shares of Darby Company's common stock for $66...

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