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Discuss what adjustment is needed for ryans investment

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Reference no: EM131800807

Ryan Company owns 80% of Chase Company. The original balances presented for Ryan and Chase as of January 1, 2013 are as follows:

Assume Chase reacquired 8,000 shares of its common stock from outsiders at $10 per share.

When Ryan's new percent ownership is rounded to a whole number, what adjustment is needed for Ryan's investment in Chase account?

Reference no: EM131800807

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