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Business, 26.01.2021 05:00 lizzieee04

Red Co. holds a long-term investment with a significant influence in Ashton, Inc. Red acquired 3,000 shares, or 40%, of Ashton for $50,000. During the previous year, Ashton had $30,000 of net income and in the current year,
Ashton reported $40,000. No dividends were distributed in either year. Red will report book value of this
investment on December 31, of the current year at $

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Red Co. holds a long-term investment with a significant influence in Ashton, Inc. Red acquired 3,000...
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