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On January 2, 2019, All Good Company purchased 9,000 shares of the stock of Big Bad Company, and DID NOT obtain significant influence.The investment is

On January 2, 2019, All Good Company purchased 9,000 shares of the stock of Big Bad Company, and DID NOT obtain significant influence.The investment is intended as a long-term investment.The stock was purchased for $12 per share, and represents a 10% ownership stake.Big BadCompany made $450,000 of net income in 2019, and paid dividends to All Good Company of $5,000 on December 15, 2019.On December 31, 2019, Big Bad Company's stock was trading on the open market for $10.50 per share at the end of the year.

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