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Accounting On January 1, 2015 Apple purchased 5% of the outstanding common stock of Target Co. for $150,000. The total fair value of Target Co.

Accounting On January 1, 2015 Apple purchased 5% of the outstanding common stock of Target Co. for $150,000. The total fair value of Target Co. is $3,000,000. Apple accounts for this investment at fai...

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