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Company A bought 100,000 shares in Company B for a price of $14 per share in January 2020. After this investment, Company A holds 25%
Company A bought 100,000 shares in Company B for a price of $14 per share in January 2020. After this investment, Company A holds 25% of Company B. Using the below data for Company B, and ignoring income tax effects, what should Company A report on its balance sheet regarding its investment in Company B on December 31, 2020? Round to the nearest whole number in your answer. Answer using only the number (ie., 1000000 instead of $1000000).
2020 Net income $500,000
Dividend per share $0.5
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