What amount of investment in sand would be reported

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Question - On January 1, 2021, Pail Corporation acquired 80 percent of Sand Company's common stock for $810,000 cash. The fair value of the non-controlling interest at that date was determined to be $202,500. At December 31, 2021, Pail reported on its general ledger Investment in Sand at $895000. What amount of Investment in Sand would be reported on the 12/31/21 consolidated Balance Sheet?

Reference no: EM133187249

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