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Equity Method Accounting, Second Year 2022 was $560,000. Paimeno uses the compere equity method to report its investment in Steadman on its own books. Required

Equity Method Accounting, Second Year 2022 was $560,000. Paimeno uses the compere equity method to report its investment in Steadman on its own books. Required a. Calculate equity in net income for 2022 reported on Paimetto's books. b. Criculate the December 31,2022 investement balance. reported an Palmettos books

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