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Business, 13.08.2019 05:30 Drax152

Pare, inc. purchased 10% of tot co.'s 100,000 outstanding shares of common stock on january 2, 1992, for $50,000. on december 31, 1992, pare purchased an additional 20,000 shares of tot for $150,000. there was no goodwill as a result of either acquisition, and tot had not issued any additional stock during 1992. tot reported earnings of $300,000 for 1992. what amount should pare report in its december 31, 1992, balance sheet as investment in tot?

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Pare, inc. purchased 10% of tot co.'s 100,000 outstanding shares of common stock on january 2, 1992,...
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