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Assume that, on January 1, 2018, Matsui Co. paid $2.016.000 for its investment in 67.200 shares of Yankee Inc. Further, assume that Yankee has 210,000

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Assume that, on January 1, 2018, Matsui Co. paid $2.016.000 for its investment in 67.200 shares of Yankee Inc. Further, assume that Yankee has 210,000 total shares of stock issued. The book value and fair value of Yankee's identifiable net assets were both $420,000 at January 1, 2018. The following information pertains to Yankee during 2018 Net Income Dividends declared and paid $210,000 $63,000 Market price of common stock on 12/31/2018 32/share What amount would Matsui report in its year-end 2018 balance sheet for its investment in Yankee? Multiple Choice $2,289,000. $2.079,000. $2,063,040 KPrev 16 of 23 Next >

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