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Multiple Choice Question 99 Ivanhoe Company purchased 100 of the 1000 outstanding shares of Darby Company's common stock for $500000 on January 2, 2018. During

Multiple Choice Question 99

Ivanhoe Company purchased 100 of the 1000 outstanding shares of Darby Company's common stock for $500000 on January 2, 2018. During 2018, Darby Company declared dividends of $50000 and reported earnings for the year of $300000. If Ivanhoe 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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