Question: dye corporation purchaesd all of ventura companys common stock on...
Dye Corporation purchaesd all of Ventura Company's common stock on January 1, 2017, for $2,000,000 cash. The investee's stockholder's equity amounted to 1,600,000. The excess of $400,000 was due to an unrecorded patent with an eight- year life. In 2017, Ventura reported net income of $320,000 and paid dividends of $50,000.
What is the equity investment balance at December 2017 ?