q7

Dublin Co. holds a 30% stake in Club Co. which was purchased in 2013 at a cost of $3,000,000. After applying the equity method, the Investment in Club Co. account has a balance of $3,040,000. At December 31,2013 the fair value of the investment is $3,120,000. Which of the following values is acceptable for Dublin to use in its balance sheet at December 31,2013? 1. $3,000,000 11. $3,040,000 - III, $3,120.000 1, 11, or III. l or 11 only. 11 only. II or 111 only