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Equity Method Investment with Cost in Excess of Book Value Required Prepare the journal entries on Revco's books to report the above information assuming Revco

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Equity Method Investment with Cost in Excess of Book Value Required Prepare the journal entries on Revco's books to report the above information assuming Revco accounts for its investment in Ronco using the equity method. At what amount does Revco report the investment in Ronco on its December 31, 2019, balance sheet

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