1, 2011 for $5,800,000. What was the book value of Pilga’s investment in Sadie on January 1, 2011?
A. $5,400,000
B. $5,700,000
C. $7,120,000
D. $7,440,000
Answer:A
1, 2011 for $5,800,000. What was the book value of Pilga’s investment in Sadie on January 1, 2011?
A. $5,400,000 B. $5,700,000 C. $7,120,000 D. $7,440,000
Explanation: A) Total stockholders’ equity$19,000,000