Question: On January 1 , 2 0 2 5 , Nana Company paid $ 1 0 0 , 0 0 0 for 8 , 0 0

On January 1,2025, Nana Company paid $100,000 for 8,000 ordinary shares of Papa Company. The ownership in Papa Company is 10%. Nana Company does not have significant influence over Papa Company. Papa reported net income of $52,000 for the year ended December 31,2025. The fair value of the Papa shares on that date was $45 per share. What amount will be reported in the statement of financial position of Nana Company for the investment in Papa on December 31,2025?
Multiple Cho
$284,400
$300,000
$315,600
$360,000
On January 1 , 2 0 2 5 , Nana Company paid $ 1 0

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