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  3. 5. sara corporation acquired a 35% interest in raj

5. SARA Corporation acquired a 35% interest in RAJA Incorporated at book value several years...

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Accounting

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5. SARA Corporation acquired a 35% interest in RAJA Incorporated at book value several years ago. RAJA declared $100,000 dividends in 2019 and reported its income for the year as follows: Income from continuing operations $600,000 Loss on discontinued division (100,000) Net income $500,000 SARA'S Investment in RAJA account for 2019 should increase by

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