30 On January 1, 2021, American Corporation purchased 30 of the outstanding voting shares of Short Supplies common stock for $249,000 cash On that date, Short's book value and fair value were both $830,000 The equity method is deemed appropriate for this investment Short's net income reported on December 31, 2021, was $79,000 During 2021, Short also paid cash dividends in the amount of $23,500 Required Compute the amount that would be reported for the investment on American Corporation's financial statements at December 31, 2021 what is investment amount On January 1, 2021, American Corporation purchased 30 of the outstanding voting shares of Short Supplies common stock for $249,000 cash On that date, Short's book value and fair value were both $830,000 The equity method is deemed appropriate for this investment Short's net income reported on December 31, 2021, was $79,000 During 2021, Short also paid cash dividends in the amount of $23,500 Required Compute the amount that would be reported for the investment on American Corporation's financial statements at December 31, 2021 Investment amount

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30. On January 1, 2021, American Corporation purchased 30% of the outstanding voting shares of Short Supplies common stock for $249,000 cash. On that date,

30. On January 1, 2021, American Corporation purchased 30% of the outstanding voting shares of Short Supplies common stock for $249,000 cash. On that date, Short's book value and fair value were both $830,000. The equity method is deemed appropriate for this investment. Short's net income reported on December 31, 2021, was $79,000. During 2021, Short also paid cash dividends in the amount of $23,500. Required: Compute the amount that would be reported for the investment on American Corporation's financial statements at December 31, 2021. what is investment amount? image text in transcribed

On January 1, 2021, American Corporation purchased 30% of the outstanding voting shares of Short Supplies common stock for $249,000 cash. On that date, Short's book value and fair value were both $830,000. The equity method is deemed appropriate for this investment. Short's net income reported on December 31, 2021, was $79,000. During 2021, Short also paid cash dividends in the amount of $23,500. Required: Compute the amount that would be reported for the investment on American Corporation's financial statements at December 31, 2021. Investment amount