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Q1. Service Company purchased 40% of the outstanding stock of Jigsaw Company on January 1. Jigsaw reported net income of $75,000 and declared dividends of

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Q1. Service Company purchased 40% of the outstanding stock of Jigsaw Company on January 1. Jigsaw reported net income of $75,000 and declared dividends of $15,000 during the current year. How much would Service adjust its investment in Jigsaw Company under the equity method

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