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Business, 23.09.2019 23:00 dest8860

On january 1, 2018, green corporation purchased 20% of the outstanding voting common stock of gold company for $300,000. the book value of the acquired shares was $275,000. the excess of cost over book value is attributable to an intangible asset on gold's books that was undervalued and had a remaining useful life of five years. for the year ended december 31, 2018, gold reported net income of $125,000 and paid cash dividends of $25,000. what is the carrying value of green's investment in gold at december 31, 2018?

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On january 1, 2018, green corporation purchased 20% of the outstanding voting common stock of gold c...

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