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Roy Company accounts for its 40% investment in Hubert Corporation under the equity method of...

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Accounting

Roy Company accounts for its 40% investment in Hubert Corporation under the equity method of accounting. The investment was made on January 1, 20X4, at a cost of $650,000. Hubert reported net income of $200,000 for the year ended December 31, 20X4, and paid total dividends of $40,000 during 20X4. On December 31, 20X4, the balance in Roy Companys Investment in Hubert account on its balance sheet will equal

$714,000

$730,000

$746,000

$810,000

$830,000

Answer & Explanation Solved by verified expert
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To calculate the balance in Roy Companys Investment in Hubert account on December 31 20X4 we will follow these steps 1 Initial Investment Start with the initial investment amount textInitial Investment 650000 2 Share of Huberts Net Income Calculate Roys    See Answer
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