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Business, 17.09.2019 02:30 trevorhenyan51

Gaw company owns 15% of the common stock of trace corporation and used the fair-value method to account for this investment. trace reported net income of $110,000 for 2018 and paid dividends of $60,000 on october 1, 2018. how much income should gaw recognize on this investment in 2018?

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Gaw company owns 15% of the common stock of trace corporation and used the fair-value method to acco...

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