On january 1, 2018, nana company paid $100,000 for 6,900 shares of papa company common stock. the ownership in papa company is 10%. nana company does not have significant influence over papa company. papa reported net income of $64,000 for the year ended december 31, 2018. the fair value of the papa stock on that date was $65 per share. what amount will be reported in the balance sheet of nana company for the investment in papa at december 31, 2018?
a. $373,500.
b. $388,500.
c. $403,500.
d. $448,500.

d. $448,500

Explanation:

Nana Company paid $100,000 for 6,900 shares

= $100,000/6,900

=$14.49 per share

Nana Company Balance sheet as at December 31, 2018

investment in Papa Company

= 6,900 shares *  $65

= $448,500

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2) your brainliest's expired. this means that brainliests, once they exceed the 30 day limit, expires. this is to ensure that you continue to contribute into the community at a constant rank if you want to continue to have/exceed the rank you have right now.

if you go to profile, and click "show more information" located on the bottom left of the box with your information (on top of the questions answered, questions asked, and friends), you will be given the following information (example):

member since : 02/13/2017, 18: 11

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brainliest answers in last 30 days: 10

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look at the "brainliest answers in the last 30 days". this is the one that will affect your rank other than your points. again, once your brainliest expires (was earned 31+ days ago), it will not be counted.

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