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On January 1, 2021, Sue Company paid $100,000 for 8,000 Jerry Company shares, which represents 10 percent of Jerry Companys outstanding common stock. Jerry Company
On January 1, 2021, Sue Company paid $100,000 for 8,000 Jerry Company shares, which represents 10 percent of Jerry Companys outstanding common stock. Jerry Company stock is traded on the NASDAQ stock exchange. Jerry reported net income of $52,000 for the year ended December 31, 2021. The fair value of the Jerry stock on that date was $45 per share. What amount will be reported in the balance sheet of Sue Company for the investment in Jerry at December 31, 2021?
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