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QUESTION
on january 1, 2016, Nolan, Inc. purchased 30% of the voting common stock of Bentley Corp. for $400,000. There was no amortization.
on january 1, 2016, Nolan, Inc. purchased 30% of the voting common stock of Bentley Corp. for $400,000. There was no amortization. During 2016, Bentley paid dividends of $15,000 and reported a net loss of $60,000. What is the balance in the Equity Investment account on December 31, 2016?
How to calculate it as well?
