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If a company 1 acquired a 20% interest in another company2 on December 31; 2021 for 290000 and during 2022 the company2 had i Net

If a company 1 acquired a 20% interest in another company2 on December 31; 2021 for 290000 and during 2022 the company2 had i Net income of 150;000 and paid a cash dividend of 60000 apply the fair value method would give a debit balance to the equity investment in the company2 account at the end of 2022

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