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On January 1 , 2 0 2 4 , American Corporation purchased 2 0 % of the outstanding voting shares of Short Supplies common stock
On January American Corporation purchased of the outstanding voting shares of Short Supplies common stock for $ cash. On that date, Short's book value and fair value were both $ The equity method is deemed appropriate for this investment. Short's net income reported on December was $ During Short also paid cash dividends in the amount of $
Required:
Compute the amount that would be reported for the investment on American Corporation's financial statements at December
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