The Alabama Company owns 30% of the Georgia Company and correctly accounts for its investment...
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Accounting
The Alabama Company owns 30% of the Georgia Company and correctly accounts for its investment under the equity method. At the beginning of 2020 Alabama Company showed its investment in Georgia Company as $35,000. During 2020 Georgia Company reported income of $10,000 and paid $6000 in dividends. What is the book value of Georgia Company on Alabamas books on December 31,2020?
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a
$35000
b
$45000
c
$39000
d
$36200
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