申論題

三、Tresh Company purchased 42,000 shares of common stock of Mann Corporation   as a long-term investment for $1,000,000. During Ihe year, Mann Corporation paid   dividends of $80,000. On December 31，Mann Corporation reported net income of 200,000 ， the fair value of Mann common stock were 1,006,600. 

Instructions 

(a) Assuming that the 42,000 shares represent a 15% interest in Mann Corporation. (No significant influence)