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  3. on january 1of the current year, tse company purch

on January 1of the current year, Tse company purchases 30% of the common stock of...

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Accounting

on January 1of the current year, Tse company purchases 30% of the common stock of green company for $1,300,000 cash this ownership allows Tse to exert significant influence over green. During the year green reports $220,000 of net income and pays $42,000 in cash dividends. at year end what amount should appear in Tse balance sheet for its investment in green

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