Hamilton, Inc obtained 100% of Tommy Company's common stock on January, 2015, by issuing 20,000 shares of $4 par value common stock. Hamilton shares had a $25 per share fair value. On that date, Tommy reported a net book value of $400,000. However, its plan asset (with a 4 year useful life) was undervalued by $100,000. The following figures came from the accounting records of these two companies as 12/31/15. Hamilton 1,000,000 Tommy 700,000 600,000 450,000 200,000 100,000 What does Hamilton's investment in Tommy account show on December 31, 2015 when the Equity method is applied? A) $500,000 B) $650,000 C) $625,000 D) $750,000 Revenues Expenses Dividends paid 13. For purposes of testing goodwill impairment, the appropriate level of testing is at the: A) Consolidated entity level B) Operating unit level C) Subsidiary company level D) Reporting unit level