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Charlie Co.owns 30% of the voting common stock of Turf Services Inc.Charlie uses the equity method to account for its investment.On January 1, 2018, the balance in the investment account was $624,000.During 2018, Turf Services reported net income of $120,000 and paid dividends of $30,000.Any excess of fair value over book value is attributable to goodwill with an indefinite life.
What is the balance in the investment account as of December 31, 2018?
Interorganizational
Interorganizational pertains to the relationships or interactions between different organizations, often involving collaboration, partnerships, or competition across organizational boundaries.
Intraorganizational
Pertaining to activities, processes, or interactions that occur within a single organization.
Extraorganizational
Activities, processes, or relationships that exist or occur outside of an organization's own boundaries.
HR
Stands for Human Resources, a department within organizations focused on managing employee-related processes like hiring, training, and benefits administration.
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