On January 1, 2020, Keith Company paid $96,000 for 8,000 shares of Jerry Company common stock. The ownership in Jerry Company is 20%, this is the only stock investment held by Keith, and Keith Company can exercise significant influence over Jerry Company. Jerry reported net income of $52,000 for the year ended December 31, 2020. Jerry declared and paid dividends of $.50 per share during the year ended December 31, 2020. The stock market price of Jerry stock on December 31, 2020 was $25 per share. 8. What amount will be reported in the 12/31/20 balance sheet of Keith Company for the investment in Jerry at December 31, 2020? a. $96,000 b. $102,400 c. $200,000 d. $202,400

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Consolidation

Consolidation in general examination implies an asset oscillating between well-defined methods of trading status. Consolidation is commonly known as market indecisiveness, which completes when the asset's values move forward or backward the trading structure.