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Business, 26.08.2019 17:20 vkyles84

On january 1, 20x9 pathlon company acquired 30 percent of the common stock of sopteron corporation, at underlying book value. for the same year, sopteron reported net income of $55,000, which includes a gain from discontinued operations of $40,000. it did not pay any dividends during the year. by what amount would pathlon's investment in sopteron corporation increase for the year, if pathlon used the equity method?

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On january 1, 20x9 pathlon company acquired 30 percent of the common stock of sopteron corporation,...
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