Parent acquires 80% of Sub for $170,000 on December 31, 2014. In 2015 Sub has net income

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Parent acquires 80% of Sub for $170,000 on December 31, 2014. In 2015 Sub has net income of $140,000 and paid dividends of $70.000. Amortization of excess fair value over book value for the year was $43,750.

What is the Investment in Sub account balance as of December 31, 2015.

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Financial Reporting Financial Statement Analysis and Valuation a strategic perspective

ISBN: 978-1285190907

8th edition

Authors: James M. Wahlen, Stephen P. Baginski, Mark Bradshaw

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Posted Date: Aug 10, 2023 08:27 AM

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Parent acquires 80% of Sub for $170,000 on December 31, 2014. In 2015 Sub has net income

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Financial Reporting Financial Statement Analysis and Valuation a strategic perspective

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