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38. On January 1, 2006, Jones Company purchased 15% of Whitton Company. Jones paid $150,000 for these shares, an amount that exactly equaled the proportionate
38. On January 1, 2006, Jones Company purchased 15% of Whitton Company. Jones paid $150,000 for these shares, an amount that exactly equaled the proportionate book value of Whitton. On January 1, 2007...
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Intermediate Accounting
Authors: Loren A Nikolai, D. Bazley and Jefferson P. Jones
10th Edition
324300980, 978-0324300987
