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On January 1,2014,Jeff Company purchased common stock in Garcia Company for $1,000,000.Jeff Company treats the investment as available-for-sale securities.During 2014,Garcia Company earned $4,000,000 and paid dividends of $1,000,000.Assume that Jeff Company owns 10% of the outstanding shares of Garcia Company.The market value of the investment at December 31,2014 is $1,100,000.What is the balance in the Investment account at December 31,2014?
Biochemical Reactions
Chemical processes that occur within living organisms to support life, including metabolism, respiration, and photosynthesis.
Cooler Temperatures
Conditions or environments characterized by lower thermal energy, often leading to decreased kinetic energy of atoms or molecules.
Grow More Slowly
A process or condition of developing or increasing in size or scale at a pace that is less rapid than expected or typical.
Accumulated Degree Hours
Accumulated degree hours are a unit of measure used in forensic entomology to estimate the postmortem interval (PMI) based on the growth rate of insects at different temperatures.
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