On january 1, 2018, nana company paid $100,000 for 6,400 shares of papa company common stock. the ownership in papa company is 10%. nana company does not have significant influence over papa company. papa reported net income of $60,000 for the year ended december 31, 2018. the fair value of the papa stock on that date was $60 per share. what amount will be reported in the balance sheet of nana company for the investment in papa at december 31, 2018?
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On january 1, 2018, nana company paid $100,000 for 6,400 shares of papa company common stock. the ow...
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