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What is the value of koka kola investment in dog

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Koka Kola purchases $5,000,000 of Dane's Outstanding Grub (Dog) which represents 30% of the outstanding shares of Dog. During the year, Dog reports $145,000 of net income and pays a cash dividend of $42,000. At the end of the year, Koka Kola's investment in Dog is worth $5,450,000.

Problem 1: What is the value of Koka Kola's investment in Dog at the end of the fiscal year?

Reference no: EM132986400

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