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Mission Inc. earns $600,000 and pays cash dividends of $150,000 during 2013. Cox Corporation owns...

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Accounting

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?

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