725000 Answer: Question 5 (5 points) ✔ Saved On January 2, 2020, All Good Company purchased 7,000 shares of the stock of

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725000 Answer Question 5 5 Points Saved On January 2 2020 All Good Company Purchased 7 000 Shares Of The Stock Of 1 (38.04 KiB) Viewed 9 times

725000 Answer: Question 5 (5 points) ✔ Saved On January 2, 2020, All Good Company purchased 7,000 shares of the stock of Big Bad Company, and DID obtain significant influence. The investment is intended as a long-term investment. The stock was purchased for $14.00 per share, and represents a 30% ownership stake. Big Bad Company made $200,000 of net income in 2020, and paid dividends to All Good Company of $20,000 on December 15, 2020. Big Bad Company's stock was trading on the open market for $14.50 per share at the end year. Use this information to determine the book value of the investment that should be reported at year end by All Good Company. Round to nearest whole number (no cents). the Your Answer: 98000 Answer