On January 1, 2025, Pina Company paid $765000 for 102000 shares of Blossom Company's common stock, which represents 25% ofBlossom Company's outstanding common stock, Blossom Company reported income of $306000 and paid cash dividends of $81600during 2025 Pina Company should report the investment in Blossom Company on its December 31, 2025, balance sheet atO $821100.$785400.$765000O$841500

To determine the value at which Pina Company should report its investment in Blossom Company on its…

Answered: On January 1, 2025, Pina Company paid…

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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pls help and if needed, provide supporting computations
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On January 1, 2025, Pina Company paid $765000 for 102000 Blossom Company's outstanding common stock, Blossom Com during 2025 Pina Company should report the investment in B O $821100 O $785400. $765000. O $841500