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we spation wis save this response Question 46 points Assume that on 1/1/18, Bart Company paid $3,000,000 for its investment in 36,000 shares of
we spation wis save this response Question 46 points Assume that on 1/1/18, Bart Company paid $3,000,000 for its investment in 36,000 shares of Simpson, Inc. Further, assume that Simpson has 120.000 total shares of stock estimates an 8 year remaining useful life and straight-ane depreciation with no residual value for its depreciable assets At 1/1/10 the book value of Simpson's identifiable net assets was $7,000,000 and the fair value of Sampson was $10,000,000 The diference between tempoon's far vale and the book value of its identifiable net assets is attributable to $1,800,000 of goodwill and the remainder to depenciable assets The following information pertains to Simpson during 2018 Net income Dividends declared and paid Market price of common stock $600,000 $350,000 500 share on 12/31/18 What amount would Bart Company report in es year-end 2018 balance sheet for es investment in Simpson, Inc.? O $3,027,000 $3,155,000 $3,180,000 $3,200,000
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