Sadie Corporation's stockholders' equity at December 31,2013 included the following: 
Pilga Corporation purchased a 30% interest in Sadie's common stock from other shareholders on January 1,2014 for $5,800,000.What was the book value of Pilga's investment in Sadie on January 1,2014?
A) $5,400,000
B) $5,700,000
C) $7,120,000
D) $7,440,000
Correct Answer:
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