Use the Following Information for Questions $¥ 500,000,000$ During 2012, Xi Earned

question 70

Multiple Choice

Use the following information for questions . Huang Company owns 20,000 of the 50,000 outstanding ordinary shares of Xi Inc. The balance in the investment account at January 1,2012 was $¥ 500,000,000$ . During 2012, Xi earned $¥ 800,000,000$ and paid cash dividends of $¥ 640,000,000$ .
-The balance in the Investment in Xi account reported on Huang's December 31, 2012 statement of financial position should be

• A) \(¥ 820,000,000\).
• B) \(¥ 660,000,000\).
• C) \(¥ 564,000,000\).
• D) \(¥ 500,000,000\).