Business, 10.05.2021 23:10, DestroYa121

On January 2, 2020, HDK Co., purchased 30% of Ranger Corporation's common stock for $150,000. Ranger's net income for the years ended December 31, 2021 were $50,000. During 2021, Ranger declared and paid a dividend of $60,000. On December 31, 2021, the fair value of the Ranger stock increased to $170,000. What is the carrying value of this equity investment on HDK's Book

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On January 2, 2020, HDK Co., purchased 30% of Ranger Corporation's common stock for $150,000. Ranger...