Business, 23.07.2020 01:01, Olaf2018

On January 2, 2021 Pod Company purchased 30% of the outstanding common stock of Jobs, Inc. and used the equity method to account for the investment. During 2021, Jobs reported net loss of $160,000 and distributed dividends of $100,000. The ending balance in the Investment in Jobs Company account at December 31, 2021 was $640,000 after applying the equity method. What was the purchase price Pod Company paid for its investment in Jobs, Inc.? "g"

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On January 2, 2021 Pod Company purchased 30% of the outstanding common stock of Jobs, Inc. and used...