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P Co 90% of S Co common stock at its book value of $200,000 purchased...

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Accounting

P Co 90% of S Co common stock at its book value of $200,000 purchased on 1/1/2020.During 2020 , S reported net income of $65,000 and paid dividends of $20,000.by using equity methods At what amount should P co reported the Investment in S account on 31 / 12 / 2020 ? Select one : a . 200,000 b . 245,000 C. 240,500 d. 265,000

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