Question: or Help Save & Exit Submit On January 1, 2018, Nana Company paid $100,000 for 8,100 shares of Papa Comp ommon Company is 10%. Nana

or Help Save & Exit Submit On January 1, 2018, Nana Company paid $100,000 for 8,100 shares of Papa Comp ommon Company is 10%. Nana Company does not have significant influence over Papa Company. Papa reported net income of the year ended December 31, 2018. The fair value of th in the balance sheet of Nana Company for the investment in Papa at December 31, 2018? stock. The ownership in Papa $64,000 for e Papa stock on that date was $62 per share. What amount will be reported Multiple Choice $427,200 $457,200. $502,200. $442,200

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