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on January 2nd, 2015 pod company purchased 25% of the outstanding common stock of jobs, Incorporated. And subsequently used the the equity method to account

on January 2nd, 2015 pod company purchased 25% of the outstanding common stock of jobs, Incorporated. And subsequently used the the equity method to account for the investment. During 2015 job Incorporated reported net income of $840,000 and distributed dividends of $360,000. The ending balance in the investment in pod company account at December 31st, 2015 was $640,000 after applying the equity method during 2015. What was the purchase price pod company paid for its investment in jobs Incorporated? Multiple choice a. $940,000 B. $520,000 C. $760,000 d. $340,000

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