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At what amount would the investment be reported

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Question - Schoomer Corp. paid $200,000 to purchase 30 percent of the stock of Shape, Inc. this year. At the end of the year, Shape reported net income of $50,000 and declared and paid dividends of $20,000. If Schoomer uses the equity method to account for its investment in Shape, at what amount would the investment be reported at the end of the year?

Reference no: EM131824152

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