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Business, 22.02.2020 03:11 simmy6

Gruen Corporation aquires a 25% interest in Blau Company for $1 million. The excess of investment cost over Gruen's share of the book value of Blau's net assets is solely attributable to goodwill. During the year, Blau reports income of $500,000 and declares dividends of $100,000. The carrying value of Gruen's investment at the end of the accounting period will be:

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Gruen Corporation aquires a 25% interest in Blau Company for $1 million. The excess of investment co...
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