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The Y Company has 1 0 0 , 0 0 0 of its shares trading on the New York Stock Exchange. On January 2 d
The Y Company has of its shares trading on the New York Stock Exchange. On January d XCompany purchases of Ys common shares for $ The purchase of this block of common shares gives X a significant ability to influence the operating, investing, and financing decisions of YIn Y reported net income of $ and dividends declared and paid were $In Y reported net income of $ and paid dividends of $At January d X sold of its common shares in Y leaving X with an ownership of common sharesin Y Company. Ys shares at this date was trading at $ per share.At December Y reported net income of $ and paid dividends of $Required:iWhat is the balance in the investment account for the investment of X in Ys common shares at December
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