Which function of money is highlighted when someone brags about having a net worth of over $5 million, even after recent losses in the stock market?
O a unit of account
Ob. medium of exchange
O c. fiat money
O d. store of value
O e. means of wealth transfer

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?