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Question(s) / Instruction(s):

14. On January 1, 2010, Mehan, Incorporated purchased 15,000 shares of Cook Company for $150,000 giving Mehan a 15% ownership of Cook. The book value of Cook on January 1, 2010, was $1,000,000. Cook reports net income of $200,000 and dividends of $50,000.

What is the balance in the investment account at December 31, 2010?
(Points : 2)
        $150,000
        $172,500
        $180,000
        $157,500
        $170,000

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