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Business, 19.12.2019 00:31 kim643

Moorland industries owns 20,000 of the 50,000 outstanding shares of paragon resources’ common stock. paragon had net income of $1 million and paid cash dividends of $800,000 in 2020.
if moorland had a beginning balance of $625,000 in their investment account in 2020, their ending balance on december 31, 2020 should be

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Moorland industries owns 20,000 of the 50,000 outstanding shares of paragon resources’ common stock....

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