On January 1st, 2021, Company A acquited 36% of Company Bs common stock for $231,000....
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Accounting
On January 1st, 2021, Company A acquited 36% of Company Bs common stock for $231,000. During 2021, Companys B reported a net income of $172,000 and paid dividends totaling $52,000. For 2022 Company B had. a net income of $266,000 and paid dividends totaling $148,000.
Company A sold 1/4 of its investment in Companys B on December 31,2022 for $25,650 cash.
Calculate the amount of loss reported by Company A from the sale of the investment.
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