Max has two options this weekend. He could work at his job and earn $7 per hour for three hours, or he could go to an exhibit at the art museum for that three hours. A ticket for the event costs $30.What is the opportunity cost of the event? $

On january 2, well co. purchased 10% of rea, inc.’s outstanding common shares for $400,000, which equaled the carrying amount and the fair value of the interest purchased in rea’s net assets. well did not elect the fair value option. because well is the largest single shareholder in rea, and well’s officers are a majority on rea’s board of directors, well exercises significant influence over rea. rea reported net income of $500,000 for the year and paid dividends of $150,000. in its december 31 balance sheet, what amount should well report as investment in rea?