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Business, 30.09.2019 20:00 deedee363

Ilson company acquired 40 percent of andrews company at a bargain price because of losses expected to result from andrews’s failure in marketing several new products. wilson paid only $100,000, although andrews’s corresponding book value was much higher. in the first year after acquisition, andrews lost $300,000. in applying the equity method, how should wilson account for this loss

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