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10 On January 1, 2018 Nana Company paid $100.000 for 8.100 shares of Papa Company common stock. The ownership in Papa Company is 10% Nana
10 On January 1, 2018 Nana Company paid $100.000 for 8.100 shares of Papa Company common stock. The ownership in Papa Company is 10% Nana Company does not have significant influence over Papa Company Papa reported net income of $57000 for the year ended December 31, 2018. The fair value of the Papa stock on that date was $51 per share. What amount will be reported in the balance sheet Nana Company for the investment in Papa at December 31, 2018? Multiple Choice O $338,100 $368.100 O oo 5413300
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