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On January 1, 2016, Snead Co. purchased 25% of Rule Corp.'s common stock; no goodwill resulted from the purchase. Snead appropriately carries this investment at

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On January 1, 2016, Snead Co. purchased 25% of Rule Corp.'s common stock; no goodwill resulted from the purchase. Snead appropriately carries this investment at equity and the balance in Second's investment account was $190,000 at December 31, 2016. Rule reported not income of $120,000 for the year ended December 31, 2016, and paid common stock dividends totaling $48,000 during 2016. How much did Snead pay for its 25% intereat in Rule? A. $172,000. B. $202,000. C. $208,000. D. $232,000

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