Question: QUESTION INFORMATION: On January 1 , 2 0 2 3 , Meyer Company purchased 3 5 % of Tressel Company for $ 8 1 ,

QUESTION INFORMATION: On January 1,2023, Meyer Company purchased 35% of Tressel Company for $81,000 and accounted for it as a significant influence equity investment (SIEI). During 2023, Tressel reported net income of $9,500 and paid dividends of $4,300. The fair value of Meyer's SIEI in Tressel at December 31,2023 was $84,900.
QUESTION TO ANSWER: If Meyer elects the fair value option to account for its SIEI in Tressel, the increase in Meyer's 2023 pretax income related to this investment is $
QUESTION INFORMATION: On January 1,2023, Meyer Company purchased 35% of Tressel

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