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On January 1 , 2 0 X 5 , Ply Company purchased 1 0 0 % of the common stock of Wood Company at book
On January X Ply Company purchased of the common stock of Wood Company at book value no differential for $ For X and X Ply had income from its own operations of $ and $ respectively. For these same two years, Wood Company had net income of $ and $ Wood declared and paid dividends of $ and $ for these same years, respectively. What would be the balance in PIys investment in Wood account at the end of X
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