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Recording Entries for Equity Investment: EquityMethodOn January 1, Mercedez Company purchased 800 of the 2,000outstanding shares of Auto Supplies Inc. for $80,000. At that date,the

Recording Entries for Equity Investment: EquityMethodOn January 1, Mercedez Company purchased 800 of the 2,000outstanding shares of Auto Supplies Inc. for $80,000. At that date,the balance sheet o 1 answer

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