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Crane Company purchased 200 of the 1000 outstanding shares of Darby Company's common stock for $710000 on January 2, 2018. During 2018, Darby Company declared
Crane Company purchased 200 of the 1000 outstanding shares of Darby Company's common stock for $710000 on January 2, 2018. During 2018, Darby Company declared dividends of $155000 and reported earnings for the year of $510000. If Crane Company used the fair value method of accounting for its investment in Darby Company, its Equity Investments (Darby) account on December 31, 2018 should be
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