Solved: How much would songs adjust their investment in tang, Accounting Basics

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How much would songs adjust their investment in tang

Question - Songs Company purchased 27% of the outstanding stock of Tang Company of 1/1/08. Tang reported net income of $113,000 and declared dividends of $29,000 during 2008. How much would Songs adjust their investment in Tang Company under the equity method?

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Accounting Basics: How much would songs adjust their investment in tang

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