7. AAA, Inc. holds 40% of the stock of BBB Corp., acquired at a cost equal...

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7. AAA, Inc. holds 40% of the stock of BBB Corp., acquired at a cost equal to 40% of BBB Corp.s book value at the time of pu

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Answer 1

Answer #1

	Investment	in BBB	Amount $
Beginning balance	100,000	Dividend Received ( 750 x 40% )	300
Share of Net income ( 1,000 x 40% )	400
Share of other comprehensive income	20
(50 x 40% )


		Ending Balance	100,120

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7. AAA, Inc. holds 40% of the stock of BBB Corp., acquired at a cost equal...

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7. AAA, Inc. holds 40% of the stock of BBB Corp., acquired at a cost equal...

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