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Parent owns 100,000 shares or 10% of Investee Co and has no special rights. Investee is a public company. o Parent purchased its shares for
| Parent owns 100,000 shares or 10% of Investee Co and has no special rights. Investee is a public company. |
| o Parent purchased its shares for $12 per share on 1/1/23 |
| o On 12/31/23, the per share value had increased to $15 |
| o Investee Co reported net income of $2 million in 2023 and paid no dividends |
| The investment balance at 12/31/23 on the financial statements of Parent should be what amount: |
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The Pricing Strategy Audit
Authors: Kent B. Monroe
1st Edition
1907766006, 978-1907766008
