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Suppose Company Pacquired 30% of the shares of Company A for $1.5 million on January 1, 2017. During the year, Company A earned $600,000 and

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Suppose Company Pacquired 30% of the shares of Company A for $1.5 million on January 1, 2017. During the year, Company A earned $600,000 and paid dividends of $175,000. At the end of 2017, Company P reported investment in Company A as: $1.6725 million $1.65 million $1.6275 million $1.5

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