DeMilo, Inc., owns 1 0 0 percent of the 4 4 , 0 0 0 outstanding shares
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Question:
DeMilo, Inc., owns percent of the outstanding shares of Ricardo, Inc. DeMilo currently carries the Investment in Ricardo account at $ using the equity method.
Ricardo issues new shares to the public for $ per share. How does this transaction affect the Investment in Ricardo account that appears on DeMilos financial records?
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