Tony & guy is a global hairdressing and education business headquartered in england. it has recently opened salons in mongolia, adding to its numerous salons worldwide. tony & guy allows foreign businesspeople to use its name, logo, methods of operation, advertising, and products. in exchange, tony & guy receives a financial commitment and an agreement to conduct business in accordance with its standard of operations. tony & guy is engaging in group of answer choices

On january 2, well co. purchased 10% of rea, inc.’s outstanding common shares for $400,000, which equaled the carrying amount and the fair value of the interest purchased in rea’s net assets. well did not elect the fair value option. because well is the largest single shareholder in rea, and well’s officers are a majority on rea’s board of directors, well exercises significant influence over rea. rea reported net income of $500,000 for the year and paid dividends of $150,000. in its december 31 balance sheet, what amount should well report as investment in rea?