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What amount should samantha co report as investment

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Problem 1: On January 2, 2020, Samantha Company bought 10% of Camille Company's outstanding ordinary shares for $400,000. Samantha is the largest single shareholder in Camille, and Samantha's officers are a majority on Camille's board of directors. Camille reported net income of $500,000 for 2020, and paid dividends of $150,000. In its December 31, 2020 balance sheet, what amount should Samantha Co. report as investment in Camille Co.?

Reference no: EM132864549

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