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Evan Company reports net income of $153,000 eath year and declares an annual cash dividend of $80000. The company holds net assets of $2110000 on
Evan Company reports net income of $153,000 eath year and declares an annual cash dividend of $80000. The company holds net assets of $2110000 on January 1, 2017. On that dete, Shaina purchases 40 percent of Evans outstanding common stock for $1,05100o vhich gives it the ability to significently influence Evan. At the purchase date, the excess of Shalina's cost over its proportionate shere of Evan's book velue was assigned to goodwill. On December 31 2019, whet is the Investment in Evan Company balance (equity method n Shaline's financial records? 2019, what 17 oints Muitiple Choice $1173,400
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