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Razer Pharmaceutical paid 568 million on January 2, 2021, for 4 million shares of Came Cosmetics common stock. The investment represents a 25% interest in
Razer Pharmaceutical paid 568 million on January 2, 2021, for 4 million shares of Came Cosmetics common stock. The investment represents a 25% interest in the net assets of Care and gave Fire the ability to exercise significant influence over Carne's operations Fier received dividends of St per share on December 21, 2021, and Carne reported net income of $40 million for the year ended December 31, 2021 The fair value of Carne's common stock at December 31, 2021 was $18.50 per share The book value of Carne's net assets was $192 million The fall value of Carne's depreciable assets exceeded the book value by 532 million. These assets had an average remaining The remainder of the excess of the cost of the investment over the book value of net assets purchased was attributable to goodwill. Required: Complete the table below and prepare the appropriate journal entries related to the investment during 2021 Complete this question by entering your answers in the tabs below. Calculation Journal Complete the table below. (Enter your answers in milions (L 10,000,000 should be entered as
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