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What amount should appear in Yetman balance sheet

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Question - On January 1 of the current year. Yetman Company purchases 40% of the common stock of Livnat Company for $500,000 cash. This 40% ownership allows Yetman to exert significant influence over Livnat. During the year, Livnat reports $160,000 of net income and pays $120,000 in cash dividends. At year-end, what amount should appear in Yetman's balance sheet for its investment in Livnat?

Reference no: EM132614421

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