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Question 13 2 pts Toorak Company purchased 80% shares in Hawthorn Company for $200 million and planned to hold for a long time to maintain

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Question 13 2 pts Toorak Company purchased 80% shares in Hawthorn Company for $200 million and planned to hold for a long time to maintain a strategic relationship. This was the only investment that Toorak Company had. As at 30/6/2020, the market value of these shares was $350 million. Which of the following would you expect to see on Toorak Group's consolidated balance sheet? An Investment line item with $350 million balance An Investment line item with $200 million balance There is no Investment line item on Toorak Group's consolidated balance sheet A fair value gain of $150 million

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