At the beginning of the year, Dynamite Corporation acquired 15% of Tuesday Company common stock for $600,000. Tuesday Company reported net income for the year of $60,000 and paid $20,000 cash dividends during the year. The balance of the Stock Investments account on the books of the Dynamite Corporation at the end of the year should be $______________.

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The Answer of At the beginning of the year, Dynamite Corporation acquired 15% of Tuesday Company common stock for $600,000. Tuesday Company reported net income for the year of $60,000 and paid $20,000 cash dividends during the year. The balance of the Stock Investments account on the books of the Dynamite Corporation at the end of the year should be $______________.

At the Beginning of the Year, Dynamite Corporation Acquired 15