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On January 5, 2015, Erin Ridge Corp. purchased 28,000 shares of Forest Lawn Inc. common shares for $146,000 plus a broker's fee of $1,000. Forest
On January 5, 2015, Erin Ridge Corp. purchased 28,000 shares of Forest Lawn Inc. common shares for $146,000 plus a broker's fee of $1,000. Forest Lawn Inc. has 50,000 common shares outstanding and has acknowledged the fact that its policies will be significantly influenced by Erin Ridge. The investment should be accounted for as a non-equity investment using the fair value method.
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Auditing Assurance Services and Ethics in Australia an Integrated Approach
Authors: Alvin A Arens, Peter J. Best, Greg Shailer, Brenton Fiedler
9th edition
978-1442539365, 1442539364
