deducted from the cost of the investment . reported as a separate component of stockholders ’ equity . reported under Other Expenses and Losses in the income statement . 14- Multiple Choice Question 93
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 ?
$ 190,000 $ 200,000 $ 175,000 $ 180,000 15- Multiple Choice Question 108 The contra-account , Fair value Adjustment , is also called a ( n ) valuation account . offset account . opposite account . adjustment account .