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What amount will be reported in beta balance sheet

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Question - On January 1 of the current year, Beta Company paid $200,000 for 6,000 shares of Gamma Company common stock. Beta owns 10% of Gamma Company. Gamma reported net income of $60,000 for December 31 of the current year. The fair value of the Gamma stock on that date was $29. What amount will be reported in Beta's balance sheet for the investment in Gamma at December 31?

Reference no: EM132828360

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