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On January 1 , 2 0 X 5 , Kimba Co . paid $ 5 0 0 , 0 0 0 for 2 0 ,
On January X Kimba Co paid $ for shares of the total outstanding shares of Flathead Cos common stock. Kimba does not have the ability to exercise significant influence over Flathead. Flathead declared and paid a dividend of $ a share to its stockholders during X Flathead reported net income of $ for the year ended December X The fair value of Flathead Cos stock at December X is $ per share.
What is the net asset amount which includes both investments and any related market adjustments attributable to the investment in Flathead that will be included on Kimbas balance sheet at December X
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