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2 years ago SailboatSally bought a 10% interest in SoundsGood Marinas for $3,000,000. At the last reporting date the value of the shares was $3,500,000,
2 years ago SailboatSally bought a 10% interest in SoundsGood Marinas for $3,000,000. At the last reporting date the value of the shares was $3,500,000, and the FV-Adjustment for these shares is currently recorded as $500,000. Today SailboatSally an additional 20% interest in Sounds Good Marinas' common stock for $8,000,000 cash. There is no excess cost basis associated with this investment. Question 3 1 pts After recording all of the necessary entries for her additional investment today, SailboatSally's Investment in SoundsGoodMarina account will have a balance of how much? (use whole dollars without using dollar signs)
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