Pagoli Corporation acquires 30% of the outstanding voting common shares of the Inform Corporation for $600,000 . Pagoli Corporation acquires the investment in Inform Corporation by buying previously issued shares of Inform Corporation from other investors. Between the time of the acquisition and the end of Pagoli Corporation's next accounting period, Inform Corporation reports earnings of

$80,000; and pays a dividend of $30,000 to holders of its common stock. Inform Corporation reports earnings of $100,000 and pays dividends of $40,000 during the subsequent accounting period. Pagoli Corporation's Investment in Stock of Inform Corporation account now has a balance of:
a. $609,000
b. $621,000
c. $633,000
d. $642,000
e. $657,000


C

Business

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Business