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Bubbly Corporation acquired 4 0 percent of the stock of Bolo Bottler at the beginning of 2 0 2 0 for $ 1 0 ,
Bubbly Corporation acquired percent of the stock of Bolo Bottler at the beginning of for $ and reports the investment using the equity method. When the investment was made, Bolo carried its net assets at $ The basis difference was attributed entirely to goodwill. Bolos retained earnings increased from $ to $ and its accumulated other comprehensive income decreased from $ to $ in the period During Bolo reported net income of $ other comprehensive income of $ and declared and paid $ in dividends. Bubblys investment balance at the end of is
Select one:
a
$
b
$
c
$
d
$
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