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january 1: company A purchases 10% of outstanding common shares of company B for 1400000. company A is the biggest single shareholder in company B.

january 1: company A purchases 10% of outstanding common shares of company B for 1400000. company A is the biggest single shareholder in company B. Company A has the majority of directors in the board in company B. Company A isnt using the fair value option. Company B NI= $1000000, dividends paid= $300000
December 31 balance sheet company A should report what value of their investment?
1500000
1370000
1400000
1470000

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