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What is the balance in company a investment account

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Question - On 1/1/xx, Company A purchases 100% of Company B for $100,000 cash. On 12/31/xx, Company B realizes profit of $20,000 and pays dividends of $5,000.

1. What are the entries for Company A associated with the above activities utilizing the equity method?

2. What is the balance in Company A's investment account at the end of the year, 12/31/xx?

Reference no: EM132441397

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