At the beginning of the fiscal year, End Corp. purchased 25% of Turf Co. for...
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Accounting
At the beginning of the fiscal year, End Corp. purchased 25% of Turf Co. for $550,000. At the end of the fiscal year, Turf reported net income of $65,000 and declared and paid cash dividends of $30,000. End uses the equity method of accounting. At year-end, what amount should End report in its balance sheet for the investment in Turl? $550,000 $558,750 $566,250 $573,750
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