JDR Company purchased 40% of the common stock of YRK Corporation on January 1, 2016, for $2,000,000 as a long-term investment. The records of YRK Corporation showed the following on December 31, 2016: At what amount should JDR report the YRK investment on the December 31, 2016 balance sheet?
A)$2,116,000.
B)$2,000,000.
C)$2,096,000.
D)$2,108,000.

Question

JDR Company purchased 40% of the common stock of YRK Corporation on January 1, 2016, for $2,000,000 as a long-term investment. The records of YRK Corporation showed the following on December 31, 2016:  At what amount should JDR report the YRK investment on the December 31, 2016 balance sheet?
A)$2,116,000. 
B)$2,000,000. 
C)$2,096,000. 
D)$2,108,000.

Quizplus · Accepted Answer

The Answer of JDR Company purchased 40% of the common stock of YRK Corporation on January 1, 2016, for $2,000,000 as a long-term investment. The records of YRK Corporation showed the following on December 31, 2016:  At what amount should JDR report the YRK investment on the December 31, 2016 balance sheet?
A)$2,116,000. 
B)$2,000,000. 
C)$2,096,000. 
D)$2,108,000.

JDR Company Purchased 40% of the Common Stock of YRK