Business, 13.06.2021 01:00 princessroseee769

On January 1, 2021, Bangle Company purchased 30% of the voting common stock of Sleat Corp. for $1,100,000. Any excess of cost over book value was assigned to goodwill. During the year, Sleat paid dividends of $28,000 and reported a net loss of $112,000. What is the balance in the investment account on December 31, 2021

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On January 1, 2021, Bangle Company purchased 30% of the voting common stock of Sleat Corp. for $1,10...

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