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Assume that Sheffield Corp. acquires 30% of Martinez Corp. for $337500 on January 1, 2022. The journal entry on Sheffield's books assuming Martinez's net income

Assume that Sheffield Corp. acquires 30% of Martinez Corp. for $337500 on January 1, 2022. The journal entry on Sheffield's books assuming Martinez's net income for 2022 was $625000 would include a debit to

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