At the beginning of the year, Grant Corporation acquired 15% of Ernst Company common stock for $300,000. Ernst Company reported net income for the year of $75,000 and paid $25,000 cash dividends during the year. The balance of the Stock Investments account on the books of Grant Corporation at the end of the year should be $___________.

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The Answer of At the beginning of the year, Grant Corporation acquired 15% of Ernst Company common stock for $300,000. Ernst Company reported net income for the year of $75,000 and paid $25,000 cash dividends during the year. The balance of the Stock Investments account on the books of Grant Corporation at the end of the year should be $___________.

At the Beginning of the Year, Grant Corporation Acquired 15