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On January 1, 2020, Bonita Corp. paid $890000 for 111250 shares of Carla Vista Company's common stock, which represents 34% of Carla Vista's outstanding
On January 1, 2020, Bonita Corp. paid $890000 for 111250 shares of Carla Vista Company's common stock, which represents 34% of Carla Vista's outstanding common stock. Carla Vista reported net income of $160000 and paid cash dividends of $65000 during 2020. Bonita should report the investment in Carla Vista Company on its December 31, 2020, balance sheet at: $890000 $922300 $857700 $912100
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