Stock investments-lane account on the books


On January 1, 2005, Belle Corporation purchased 25% of the common stock outstanding of Lane Corporation for $500,000. During 2005, Lane Corporation reported net income of $200,000 and paid cash dividends of $100,000. The balance of the Stock Investments-Lane account on the books of Belle Corporation at December 31, 2005 is ??

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Accounting Basics: Stock investments-lane account on the books
Reference No:- TGS068330

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