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Port Company purchased 33,000 of the 110,000 outstanding shares of Sund Company common stock on January 1 , 202, for $186,000. The purchase price was
Port Company purchased 33,000 of the 110,000 outstanding shares of Sund Company common stock on January 1 , 202, for $186,000. The purchase price was equal to the book value of the shares purchased. Sund reported the following: Required: Compute the amounts Port Company should report as the carrying values of Its Investment in Sund Company at December 3 203, and 204. Answer is complete but not entirely correct
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