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please help with multiple choice. will give thumbs up :) Green Corporation acquired 30% of Labadie Company for $4,200,000 on January 1,2026 . The total
please help with multiple choice. will give thumbs up :)
Green Corporation acquired 30% of Labadie Company for $4,200,000 on January 1,2026 . The total fair value and book value of Labadie's identifiable net assets was $14,000,000 on that date. During 2026 , Labadie recognized net income of $1,050,000 and paid dividends of $1,260,000. Labadie had a fair value of $14,000,000 as of December 31,2026. Assuming Green accounts for the Labadie investment under the equity method, what balance will Green report in its investment in equity affiliate account on December 31, 2026? [5 points] $4,200,000 $3,990,000 $4,137,000 $4,872,000 $3,255,000 Step by Step Solution
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