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Torii corporation purchased 80 of johan corporation for

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Torii Corporation purchased 80% of Johan Corporation for $250,000 on January 1, 2004. On may 30, 2004 Johan Corporation declared total dividends of $30,000. At year-end Johan Corporation reported net income of $150,000. What is the balance in Torii Corporations's investment in Johan Corporation account at year end?

Reference no: EM13596412

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