paid $$82$ on January $22024,$ for $2$ shares of Came Cosmetics common stock The investment represents a $20\%$ interest in the net assets of Came and gave the ability to exercise significant influence over operations received dividends of $1$ per share on December $21,2024$and Came reported net income of $$45$ for the year ended December $31,2024$ The fair value of Carne's common stock at December $2024$was $32\mathrm{.}50$ per share The book value of Came's net assets was $$210$ The fair value of Carne's depreciable assets exceeded their book value by $35$ These assets had an average remaining useful of seven years The remainder of the excess of the cost of the investment over the book value of net assets purchased was to goodwill Required : Complete the table below and prepare the appropriate journal entries related to the investment $2024$ Complete this question by entering your answers in the tabs below General Complete the table below Note: Enter your answers in $10,000,000$ should be entered as $10$ Net Assets Purchased Purchase Price Fair Value Carne's Book Value Depreciation Years vestment revenue General

Answer rating: 100% (QA)

1 Investment Details Date of Investment January 22 2024 Purchase Price 8200 2 shares of Came Cosmeti... View the full answer