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Company A bought 32% of the 500,000 outstanding shares in Company B for a price of $15 per share in January 2020
Company A bought 32% of the 500,000 outstanding shares in Company B for a price of $15 per share in January 2020. After this investment, Company A holds 32% 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 100000 -30000 Dividend per share 0.9 1
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