deducted from the cost of the investment. reported as a separate component of stockholders’ equity. reported under Other Expenses and Losses in the income statement. 14- Multiple Choice Question 93
Mission Inc. earns $ 600,000 and pays cash dividends of $ 150,000 during 2013. Cox Corporation owns 70,000 of the 210,000 outstanding shares of Mission.
What amount should Cox show in the investment account at December 31, 2013 if the beginning of the year balance in the account was $ 40,000?
$ 190,000 $ 200,000 $ 175,000 $ 180,000 15- Multiple Choice Question 108 The contra-account, Fair value Adjustment, is also called a( n) valuation account. offset account. opposite account. adjustment account.