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Assuming Alison uses the equity method, what balance should appear in the Investment in Holister account as of December 31, 2021? Assuming Alison uses fair-value

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  1. Assuming Alison uses the equity method, what balance should appear in the Investment in Holister account as of December 31, 2021?
  2. Assuming Alison uses fair-value accounting, what income from the investment in Holister should be reported for 2021?

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