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Compute the balance of the stock investments-landon account

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Question - On January 1, 2017 Garner Corporation purchased 30% of the ordinary shares outstanding of Landon Corporation for $500,000. During 2017, Landon Corporation reported net income of $200,000 and paid cash dividends of $100,000. Compute the balance of the Stock Investments-Landon account on the books of Garner Corporation at December 31, 2017?

a. $500,000.

b. $600,000.

c. $700,000.

d. $530,000.

Reference no: EM132567006

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