Solved: What is the net change in francos stock investments account, Accounting Basics

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What is the net change in francos stock investments account

Question - Li Corporation has 1,300,000 shares of outstanding stock and Franco Corporation owns 195,000 of these shares. What is the net change in Franco's Stock Investments account if Li reports net income of $600,000 and distributes cash dividends of $250,000 to its shareholders?

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Accounting Basics: What is the net change in francos stock investments account

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