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What is the carrying value of Green investment

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Question - On January 1, 2018, Green Corporation purchased 30% of the outstanding voting common stock of Gold Company for $300,650. The book value of the acquired shares was $275,650. The excess of cost over book value is attributable to an intangible asset on Gold's books that was undervalued and had a remaining useful life of five years. For the year ended December 31, 2018, Gold reported net income of $125,550 and paid cash dividends of $25,800. What is the carrying value of Green's investment in Gold at December 31, 2018?

a. $300,650.

b. $325,575.

c. $330,575.

d. $292,910.

Reference no: EM132579451

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