On Jancary 4, 2023, Investor Compary paid \$S42 milion cash for 43 milkon ohates of:...
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On Jancary 4, 2023, Investor Compary paid \$S42 milion cash for 43 milkon ohates of: investev Corp. common stock. The imestment represents a 22% interest in the net assets of livestice and gave lnvestor the abifty to exercise significart ineuence over inveltoe h operations. Investor received dividends of 50,31 . per share on June 30, 2023. and investee reported net inoorne of $132 milion for the year ended December 31 , 2023. The market value of investee's consenon stock at December 31, 2023, was $0 per and: - The fair market value of investee's depreciable assets, with an average remaining useful life of ten years, exceeded their book value by $175 million. The fair market values and book values were equal for Investee's other net assets 1. Pripare alf appropriade jourral enthes related to the invesment during 2023 (13. points) Show all answers in Smillions. For example, $2,170,000 would be shown as $2.17M
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