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JDR Company Purchased 40% of the Common Stock of YRK

Question 66

Multiple Choice

JDR Company purchased 40% of the common stock of YRK Corporation on January 1,2019,for $2,000,000 as a long-term investment.The records of YRK Corporation showed the following on December 31,2019: JDR Company purchased 40% of the common stock of YRK Corporation on January 1,2019,for $2,000,000 as a long-term investment.The records of YRK Corporation showed the following on December 31,2019: At what amount should JDR report the YRK investment on the December 31,2019 balance sheet? A) $2,116,000. B) $2,000,000. C) $2,096,000. D) $2,108,000. At what amount should JDR report the YRK investment on the December 31,2019 balance sheet?


A) $2,116,000.
B) $2,000,000.
C) $2,096,000.
D) $2,108,000.

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