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P Co purchased 90% of S Co common stock at its book value of $200,000 on 1/1/2020. During 2020.5 reported net income of $65,000 and

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P Co purchased 90% of S Co common stock at its book value of $200,000 on 1/1/2020. During 2020.5 reported net income of $65,000 and paid dividends of $20,000 by using equity methods At what amount should p co reported the Investment in S account on 31/12/20207 of Select one: a. 265,000 Tag b. 245,000 29 C. 240.500 d. 200,000 Find

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