During 2022, Cloudy Day Inc. (Cloudy) reported net income of $90,000 and paid total cash...
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Accounting
During 2022, Cloudy Day Inc. (Cloudy) reported net income of $90,000 and paid total cash dividends of $30,000. You own 2,250 of the 7,500 outstanding shares of Cloudy and exercise significant influence.
What amount should you show in the investment account at December 31, 2022 if the beginning balance in the investment account was $120,000?
a. $120,000
b. $138,000
c. $180,000
d. $147,000
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