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Calculate cars income from med for 2011 - calculate income

Calculate income for a midyear investment Car Corporation pays $600,000 for a 30 percent interest in Med Corporation on July 1, 2011, when the book value of Med's identifiable net assets equals fair value. Information relating to Med follows (in thousands):

1124_Calculate Cars income from Med for2011.PNG

REQUIRED: Calculate Car's income from Med for2011.

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Cost Accounting: Calculate cars income from med for 2011 - calculate income

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