What is balance in the investment in boston account foun

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Problem 1: On jan 1, company paid 1.02 million for 51000 shares of boston voting common stock which represents a 40 percent investment. No allocation to goodwill or other specific account was made significant influence over boston is achieved by this acquisition and so lowell applies the equity method boston distributed a dividend of $1 per share during the year and reported net income of $621000. what is the balance in the investment in boston account found in company financial record as of dec 31?

a 1248000
b 1268400
c 1590000
d 1217400

Reference no: EM132908992

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