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What is the balance in equity investment account on december

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Point 1: On January 1, 2020, Sarai, Inc. purchased 40% of the voting common stock of Rolls Corp. for $500,000. There was no amortization. During 2020, Rolls paid dividends of $50,000 and reported a net loss of $120,000.

Question 1: What is the balance in the Equity Investment account on December 2020?

Reference no: EM132485346

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