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how do i commute this? 3. On January 1,2018,AB Company paid $100,000 for 9,000 shares of YZ Company common stock. The ownership in YZ Company

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3. On January 1,2018,AB Company paid $100,000 for 9,000 shares of YZ Company common stock. The ownership in YZ Company is 10%. YZ reported net income of $52,000 for the year ended December 31 , 2018. The fair value of the YZ stock on that date was $45 per share. What amount will be reported in the balance sheet of AB Company for the investment in YZ at December 31,2018 ? A) $315.600 B) $360,000 (C) 8405,000 D) $300,000

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