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Need the correct answer asap Port Company purchased 31,800 of the 106,000 outstanding shares of Sund Company common stock on January 1, 20X2, for $193,000.
Need the correct answer asap
Port Company purchased 31,800 of the 106,000 outstanding shares of Sund Company common stock on January 1, 20X2, for $193,000. The purchase price was equal to the book value of the shares purchased. Sund reported the following: Required: Compute the amounts Port Company should report as the carrying values of its investment in Sund Company at December 31, 20X 203, and 204 Step by Step Solution
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