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QUESTION 15 Company A made an equity method investment in Company B in the amount of $500,000 during 2019; this represents a 4096 stake in
QUESTION 15 Company A made an equity method investment in Company B in the amount of $500,000 during 2019; this represents a 4096 stake in the company. During 2019, Company B announced earnings (net income) of $30,000 and paid a dividend of $5,000. During 20020, Company B announced a net loss of $10,000. Given this, what is the value of the investment in Company B on Company A's books at the end of 2020? A. $504,500 B. $507,500 C. $515,000 OD. $500,000 E. $506,000
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