Question

Hawkeye Company's balance sheet reported, under the equity method, its long-term investment in Raven Company for comparative years as follows:


In addition, the 2015 Hawkeye Company income statement disclosed equity earnings in the Raven Company investment as $25 million. Hawkeye Company neither purchased nor sold Raven Company stock during 2015. The fair value of the Raven Company stock investment on December 31, 2015, was $310 million.
Explain the change in Investment in Raven Company Stock from December 31, 2014, to December 31,2015.


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  • CreatedFebruary 28, 2014
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