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Player Corporation purchased 1 0 0 percent of Scout Company's common stock on January 1 , 2 0 X 5 , and paid $ 4
Player Corporation purchased percent of Scout Company's common stock on January X and paid $ above book value. The full amount of the additional payment was attributed to amortizable assets with a life of four years remaining at January X During X and X Scout reported net income of $ and $ and paid dividends of $ and $ respectively. Player uses the equity method in accounting for its investment in Scout and reported a balance in its investment account of $ on December X
Required:
Compute the amount paid by Player to purchase Scout shares.
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