Business, 08.04.2021 15:20, isabellesolisss5217

On January 1, Vienna Corporation purchased 40% of the outstanding common stock of the Marietta Corporation for $137,500. During the year, Marietta Corporation reported net income of $50,000 and paid cash dividends of $25,000. The balance of the Investment in the Marietta Corporation account on the books of Vienna Corporation at year-end is: Select one: A. $135,000 B. $147,500 C. $110,000 D. $100,000

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On January 1, Vienna Corporation purchased 40% of the outstanding common stock of the Marietta Corpo...