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Harbor Company acquired an interest in the common stock of I-Bar Corporation in exchange for $15,000 cash and computer equipment with a book value of

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Harbor Company acquired an interest in the common stock of I-Bar Corporation in exchange for $15,000 cash and computer equipment with a book value of $60,000 and a fair market value of $50,000. As a result of this transaction, Harbor should record its investment in I-Bar at: $50,000$60,000$65,000$75,000

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