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please advise thank you Player Corporation purchased 100 percent of Scout Company's common stock on January 1, 20X5, and paid $43,000 above book value. The

please advise thank you

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Player Corporation purchased 100 percent of Scout Company's common stock on January 1, 20X5, and paid $43,000 above book value. The full amount of the additional payment was attributed to amortizable assets with a life of eight years remaining at January 1, 20x5. During 20x5 and 20X6, Scout reported net income of $48,000 and $8,000 and paid dividends of $14,000 and $11,000, respectively. Player uses the equity method in accounting for its investment in Scout and reported a balance in its investment account of $167,000 on December 31, 20KB. Required: Compute the amount paid by Player to purchase Scout shares. :l

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