On January 3, 2021, Matteson Corporation acquired 30 percent of the outstanding common stock of O’Toole Company for $1,366,000. This acquisition gave Matteson the ability to exercise significant influence over the investee. The book value of the acquired shares was $839,000. Any excess cost over the underlying book value was assigned to a copyright that was undervalued on its balance sheet. This copyright has a remaining useful life of 10 years. For the year ended December 31, 2021, O’Toole reported net income of $325,000 and declared cash dividends of $45,000. On December 31, 2021, what should Matteson report as its investment in O’Toole under the equity method?

In the 10th grade, i was teamed up in a group of four. our project was on modern history. altho it seemed super hard for many of us. patrick fleming  took charge and showed us the understanding of this project.  his leadership showed great ethics and it taught me, personally, how to others understand, not just to show them, but explain it thoroughly. and altho he was a great teacher i would have changed a few things. one being his attitude. many times he would get frustrated and impatient with the group.  i think  a leader i would have done exactly  what he did but with much more patience and be there more to explain. such as lunch  learning. and giving everybody a chance to try to explain it in their  head.