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What is the value of parentco investment

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Question - On January 3, 2022, ParentCo purchases 30% of the outstanding shares of KidCo for $600,000. During 2022 KidCo reports the following results:

Net Sales $2 million

All Expenses $1 million

What is the value of ParentCo's investment in KidCo on ParentCo's 2022 financial statements?

How would your answer change, if at all, if ParentCo had instead acquired 80% of KidCo's stock?

Reference no: EM133133824

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