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Company A owns 40% of Company B and accounts for the investment using the equity method for $1,200,000 at the beginning of the year.During the
Company A owns 40% of Company B and accounts for the investment using the equity method for $1,200,000 at the beginning of the year.During the year, CompB reports a net loss of $2,400,000 and pays total dividends of $50,000.What is the value CompA's investment in CompB at the end of the year
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