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Business, 04.10.2019 22:10 beccaxhope

On july 1, 2018, tremen corporation acquired 40% of the shares of delany company. tremen paid $3,030,000 for the investment, and that amount is exactly equal to 40% of the book value of identifiable net assets on delany's balance sheet. delany recognized net income of $1,400,000 for 2018, and paid $190,000 of dividends each quarter to its shareholders. after all closing entries are made, tremen's "investment in delany company" account would have a balance of:

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On july 1, 2018, tremen corporation acquired 40% of the shares of delany company. tremen paid $3,030...

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