On January 3, 2011, Han Company purchases a 15 percent interest in Ben Corporationâ€™s common stock for $50,000 cash. Han accounts for the investment using the cost method. Benâ€™s net income for 2011 is $20,000, but it declares no dividends. In 2012, Benâ€™s net income is $80,000, and it declares dividends of $120,000. What is the correct balance of Hanâ€™s Investment in Ben account at December 31, 2012?
https://papertowriters.com/wp-content/uploads/2020/07/Writerspng-300x62.png 0 0 admin https://papertowriters.com/wp-content/uploads/2020/07/Writerspng-300x62.png admin2021-11-02 18:15:552021-11-02 18:15:55On January 3, 2011, Han Company purchases a 15 percent interest in Ben Corporationâ€™s common stock