On January 1,20X5, Park Company purchased 10 percent of Sky, Incorporated's outstanding common shares largest...
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Accounting
On January X Park Company purchased percent of Sky Incorporated's outstanding common shares largest single shareholder in Sky and Park's officers are a majority on Skys board of directors. As a result, Park is able to exercise significant influence over Sky Sky reported net income of $ for and paid dividends of $ In its December balance sheet, what amount should Park report as investment in Sky
A $
B $
C $
D $
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