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Determine the book value of the investment

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Question - On January 2, 2018, Company purchased 6,000 shares of the stock of Company, and DID obtain significant influence. The stock was purchased for $11 per share, and represents a 30% ownership stake. Company made $350,000 of net income in 2018, and paid dividends to Company of $35,000 on December 15, 2018. Company's stock was trading on the open market for $12 per share at the end of the year. Determine the book value of the investment that should be reported at year end by Company.

Reference no: EM132445699

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