DeMilo, Incorporated, owns 100 percent of the 48,000 outstanding shares of Ricardo, Incorporated. DeMilo currently...
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DeMilo, Incorporated, owns percent of the outstanding shares of Ricardo, Incorporated. DeMilo currently carries the Investment in Ricardo account at $ using the equity method. Ricardo issues new shares to the public for $ per share. Required: How does this transaction affect the Investment in Ricardo account that appears on DeMilo's financial records? Investment in Ricardo should be increased by 
DeMilo, Incorporated, owns percent of the outstanding shares of Ricardo, Incorporated. DeMilo currently carries the
Investment in Ricardo account at $ using the equity method.
Ricardo issues new shares to the public for $ per share.
Required:
How does this transaction affect the Investment in Ricardo account that appears on DeMilo's financial records?
Investment in Ricardo should be
increased
by
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