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sale of the common stock Record transactions under the equity method of accounting BE16.3 (LO2) Noler Company owns 25% of Lauer Company. For the current
sale of the common stock Record transactions under the equity method of accounting BE16.3 (LO2) Noler Company owns 25% of Lauer Company. For the current year, Lauer reports net income of $180,000 and declares and pays a $50,000 cash dividend. Record Noler's equity in Laser's not income and the receipt of dividends from Lauer
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