Question: On January 2nd, 2017, Angle Corporation acquired 40% of the outstanding shares of common stock of Bobbe Company for $550,000. For the year-ended December

On January 2nd, 2017, Angle Corporation acquired 40% of the outstanding shares of common stock of Bobbe

On January 2nd, 2017, Angle Corporation acquired 40% of the outstanding shares of common stock of Bobbe Company for $550,000. For the year-ended December 31st, 2017, Bobbe reported net income of $90,000 and paid cash dividends of $30,000 to its shareholders. On December 31st, 2017, what is the amount in Angle's Stock Investments account?

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