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Question - January 2 2018, A Company purchased 9,000 shares of stock of B Company and did obtain significant influence. Investment intended as long-term investment. Stock purchased for $15 per share and represents a 30% ownership stake. B Company made $400,000 of net income in 2018 paid dividends o A Company of $15,000 on December 15 2018. B Company stock trading on open market for $12 per share at the end of the year. What is the book value of the investment that should be reported at the yearend by A Company?
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