Naomi has just arrived for her first day at work at GloboTech, a large technology company. The first thing the hiring manager, Evan, does is take her on a tour of the building, introducing her to her co-workers and showing her where the kitchen, meeting rooms, and her cubicle are located. After the tour, Evan leaves Naomi in her cubicle with the company's employee handbook, so she can read about the organization's policies and benefits. All these activities are part of

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?