Use the Following Information for Questions 105 and 106

question 13

Multiple Choice

Use the following information for questions 105 and 106.
Brown Corporation earns $480,000 and pays cash dividends of $160,000 during 2014. Dexter Corporation owns 3,000 of the 10,000 outstanding shares of Brown.
-What amount should Dexter show in the investment account at December 31, 2014 if the beginning of the year balance in the account was $640,000?

• A) $784,000.
• B) $640,000.
• C) $736,000.
• D) $960,000.

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