Company A bought 21,000 shares in Company B for a price of $14 per share in January 2020. After this investment, Company
Posted: Tue Nov 23, 2021 8:58 am
Company A bought 21,000 shares in Company B for a price of $14
per share in January 2020. After this investment, Company A holds
25% of Company B. Using the below data for Company B, and ignoring
income tax effects, what should Company A report on its balance
sheet regarding its investment in Company B on December 31, 2021?
Round to the nearest whole number in your answer. Answer using only
the number (ie., 1000000 instead of $1000000). 2020 2021 Net income
$500,000 $100,000 Dividend per share $0.50 $0.50
per share in January 2020. After this investment, Company A holds
25% of Company B. Using the below data for Company B, and ignoring
income tax effects, what should Company A report on its balance
sheet regarding its investment in Company B on December 31, 2021?
Round to the nearest whole number in your answer. Answer using only
the number (ie., 1000000 instead of $1000000). 2020 2021 Net income
$500,000 $100,000 Dividend per share $0.50 $0.50