Question: On January 1 , 2 0 2 4 , Bremen Corporation acquired 4 0 % of the shares of Destiny Company. Bremen paid $ 3

On January 1,2024, Bremen Corporation acquired 40% of the shares of Destiny Company. Bremen paid $3,000,000 for the investment. For 2024, Destiny recognized net income of $500,000 and paid $300,000 of dividends. At December 31,2024, Bremen's investment in Destiny Company would be reported for:
Multiple Choice
$3,120,000.
$3,000,000.
$3,200,000.
$3,080,000.
On January 1,2024, Bremen Corporation acquired 40% of the shares of

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