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Question(s) / Instruction(s):

Raisin Corporation purchased 41% of Amy Corporation for $99,000 on January 1. On November 17 of the same year, Amy Corporation declared total cash dividends of $13,000. At year-end, Amy Corporation reported net income of $66,000. The balance in the Raisin Corporation\'s Long–Term Investment in Amy Corporation at December 31 should be:

a)            $99,000

b)            $120,730

c)            $93,670

d)            $125,730

e)            $115,400

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