JDR Company purchased 40% of the common stock of YRK Corporation on January 1, 2010, for $2,000,000 as a long-term investment. The records of YRK Corporation showe the following on December 31, 2010:
At what amount should JDR report the YRK investment on the December 31, 2010 statement of financial position?
A) $2,108,000
B) $2,000,000
C) $4,124,000
D) $2,116,000
Correct Answer:
Verified
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