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On December 15, 2021, Blue Company paid $100,000 for 7,000 shares of Marble Company common stock. The ownership in Marble Company is 10%. Marble reported
On December 15, 2021, Blue Company paid $100,000 for 7,000 shares of Marble Company common stock. The ownership in Marble Company is 10%. Marble reported net income of $55,000 for the year ended December 31, 2021. The fair value of the Marble stock on that date was $58 per share. What amount will be reported in the balance sheet of Blue Company for the investment in Marble at December 31, 2021? Multiple Choice $331,000. $346,000. There is no correct answer. $361,000. $406,000
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