12.

On January 1, 2018, Green Corporation purchased 26% of the outstanding voting common stock of Gold Company for $300,650. The book value of the acquired shares was $275,750. The excess of cost over book value is attributable to an intangible asset on Gold's books that was undervalued and had a remaining useful life of five years. For the year ended December 31, 2018, Gold reported net income of $125,350 and paid cash dividends of $25,050. What is the carrying value of Green's investment in Gold at December 31, 2018? Multiple Choice $321,748 $326,728. 100 00 $294,137. $300,650