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Click Submit to complete this assessment Question 30 Company P purchased 70% stock in Company Son Jan 1, 20x1 for $200,000. For the year 20X1.

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Click Submit to complete this assessment Question 30 Company P purchased 70% stock in Company Son Jan 1, 20x1 for $200,000. For the year 20X1. Company reported the net income $100.000 and paid dividends of $40,000. At year end, Investment account in the books of Company P had a fair market value of $225,000. Under the equity method. The unrealize gain account will be credited with $53,000 $0 $25,000 $67,000 OS -> Click Submit to complete this assessment Cose Window Save and

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