value and the fair value of John's net assets were $12.900.000 On July 1, 2026 Riverbed paid $2.760.000 for 46,000 additional shares of John common stock, which represented a 20% investment in John As a result of this transaction, Riverbed owns 30% of John and can ex significant influence over John's operating and financial policies John reported the following net income and declared and paid the following dividends Net Income Dividend per Share $600.000 $20,000 880.000 Year ended 12/31/25 Six months ended 6/30/26 Six months ended 12/31/26 None Investment in Eton John Corp None $1.50 Determine the ending balance that Riverbed Co should report as its investment in John Corps at the end of 2026 the case, the book

value and the fair value of John's net assets were $12.900.000 On July 1, 2026 Riverbed paid $2.760.000 for 46,000 additional shares of John common stock, which represented a 20% investment in John As a result of this transaction, Riverbed owns 30% of John and can ex significant influence over John's operating and financial policies John reported the following net income and declared and paid the following dividends Net Income Dividend per Share $600.000 $20,000 880.000 Year ended 12/31/25 Six months ended 6/30/26 Six months ended 12/31/26 None Investment in Eton John Corp None $1.50 Determine the ending balance that Riverbed Co should report as its investment in John Corps at the end of 2026 the case, the book

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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