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ABC Co . purchased 1 0 0 shares of DEF Inc., a privately held company on January 1 , 2 0 x 3 . ABC
ABC Co purchased shares of DEF Inc., a privately held company on January x ABC Co
purchased these shares to utitize some extra cash and plans to hold onto them for severat years. ABC Co
privately held and reports under ASPE.
ABC Co's controller has asked for your assistance in completing the yearend accounting for this
investment. He would like to know what ABC's options are for accounting for its investment in DEF Inc.
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