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Answers will open tomorrow. Good luck! Question 10 3 pts Irving Corporation invested in Nugent Company by purchasing a 10% interest in Nugent Company, Irving

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Answers will open tomorrow. Good luck! Question 10 3 pts Irving Corporation invested in Nugent Company by purchasing a 10% interest in Nugent Company, Irving had no significant influence in Nugent. Over time, Irving acquired more shares in Nugent, and in 2020, Irving's president became a member of the board of directors when its ownership interest reached 30% of Nugent. This change is _ None of these is correct. an account in a corect O an accounting principle change requiring prospective a change in estimate O an accounting principle change requiring retrospective adjustment Col- a correction of an error Online Previous Next Question 32 During 2017, Amanda Company purchased 80,000 shares of Keit Corporation common stock for $1,260,000 as an equity investme fair value of these shares was $1,200,000 at December 31, 2017. sold all of the Keith stock for $17 per share on December 3, 2018 incurring $56,000 in brokerage commissions. Amanda Companys report a realized gain on the sale of stock in 2018 of $44,000. o $100,000. None of these is correct. $160,000 O $104.000.

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