Business, 25.01.2020 00:31 cdgood12

On january 1, year 1, johnston company purchased a 40% interest in the common stock of truly inc. for $100,000. johnston has significant influence but not control. on december 10, year 1, truly declared and paid dividends of $20,000. truly reported net income of $50,000 for year 1.
what is the book value of johnston’s investment in truly at the end of year 1?

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On january 1, year 1, johnston company purchased a 40% interest in the common stock of truly inc. fo...

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