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Accounting. January 1, 2020, Tamarisk Corporation purchased 40% of the common shares of River Company for $388,000. During the year, River earned net income of

Accounting. January 1, 2020, Tamarisk Corporation purchased 40% of the common shares of River Company for $388,000. During the year, River earned net income of $127,000 and paid dividends of $42,000. ...

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