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Business, 28.08.2019 01:30 LilBrookilyn2701

In january 2014, domingo, inc., acquired 20 percent of the outstanding common stock of martes, inc., for $700,000. this investment gave domingo the ability to exercise significant influence over martes. martes's assets on that date were recorded at $3,900,000 with liabilities of $900,000. any excess of cost over book value of the investment was attributed to a patent having a remaining useful life of 10 years. in 2014, martes reported net income of $170,000. in 2015, martes reported net income of $210,000. dividends of $70,000 were declared in each of these two years. what is the equity method balance of domingo's investment in martes, inc., at december 31, 2015? $728,000.$756,000.$748,000.$776,000 .

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In january 2014, domingo, inc., acquired 20 percent of the outstanding common stock of martes, inc.,...

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