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to the proportion of identifiable net assets. The amount of Hakone Company's equity on that day was $2,000,000, And the carrying amount of each identifiable
to the proportion of identifiable net assets. The amount of Hakone Company's equity on that day was $2,000,000, And the carrying amount of each identifiable asset and liability is equal to the fair value. Asakusa Corporation adopts the equity method to handle its investment in Hakone Corporation. Hakone or loss in Hakone Corporation's account for the year increased by $120,000, and the related unrealized benefits were recognized in other comprehensive profit or loss of Hakone Corporation. Trial: Asakusa Corporation's 8 year related entry on equity investment. (16\%) to the proportion of identifiable net assets. The amount of Hakone Company's equity on that day was $2,000,000, And the carrying amount of each identifiable asset and liability is equal to the fair value. Asakusa Corporation adopts the equity method to handle its investment in Hakone Corporation. Hakone or loss in Hakone Corporation's account for the year increased by $120,000, and the related unrealized benefits were recognized in other comprehensive profit or loss of Hakone Corporation. Trial: Asakusa Corporation's 8 year related entry on equity investment. (16\%)
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