Tik Corp. accounts for its 35% Investment in Tok Corp. using the equity method of accounting. The investment was made on January 2, 2023, at a cost of $450,000. During 2023, Tok Corporation reported $100,000 of income and paid $40,000 in dividends. After making all appropriate entries. what will be the balance in Tik's s investment in Tok Corporation common shares account? Enter a number only. Do not use + S or commas
Tik Corp. accounts for its 35% Investment in Tok Corp. using the equity method of accounting. The investment was made on January 2, 2023, at a cost of $450,000. During 2023, Tok Corporation reported $100,000 of income and paid $40,000 in dividends. After making all appropriate entries. what will be the balance in Tik's s investment in Tok Corporation common shares account? Enter a number only. Do not use + S or commas
Chapter1: Financial Statements And Business Decisions
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Transcribed Image Text:Tik Corp. accounts for its 35% investment in Tok Corp. using the equity method of accounting. The investment was made on January 2, 2023, at a
cost of $450,000. During 2023, Tok Corporation reported $100,000 of income and paid $40,000 in dividends. After making all appropriate entries.
what will be the balance in Tik's s investment in Tok Corporation common shares account?
Enter a number only. Do not use +.., $ or commas
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