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On 1/1/2019 P Company acquired 70% of S company for 400000 JD. On 31/12/2019 S company reported net income 43000 JD and declared dividends 13000
On 1/1/2019 P Company acquired 70% of S company for 400000 JD. On 31/12/2019 S company reported net income 43000 JD and declared dividends 13000 JD. Positive differences is 35000 JD relating to assets with 5 years life. Using the complete equity method, compute investment balance on 31/12/2019. Select one: a. 370600 b. 369200 C. 367800 d. 366400
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