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On january 1 2011 giggle company purchased 30 of the voting

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On January 1, 2011, Giggle Company purchased 30% of the voting common stock of Home Corp. for $1,000,000. Any excess of cost over book value was assigned to goodwill. During 2011, Home paid dividends of $24,000 and reported a net loss of $140,000.

What is the balance in Giggle's investment account on December 31, 2011?

Reference no: EM13572962

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