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portney inc acquired 3 0 % of davis corpoations voting stock on jan 1 , 2 0 2 4 for 1 0 0 0 0

portney inc acquired 3 0 % of davis corpoations voting stock on jan 1 , 2 0 2 4 for 1 0 0 0 0 0 0 in 2 0 2 4 davis earned 4 0 0 0 0 0 and paid dividends of 2 5 0 0 0 0 . portneys 3 0 % interest in davis gives portney the ability to exercise significant influence over the operating and financial policies of davis corporation. the carrying amount of this investment in portneys dec 3 1 , 2 0 2 4 balance sheet should be . . . 1 1 5 0 0 0 0 , 1 0 0 0 0 0 0 , 1 0 4 5 0 0 0 , or 1 1 2 0 0 0 0

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