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On January 2, 2010 Pod Company purchased 25 shares of the 100 outstanding common stock...

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Accounting

On January 2, 2010 Pod Company purchased 25 shares of the 100 outstanding common stock of Jobs Inc. During 2010 Jobs, Inc. reported net income of $420,000 and distributed dividends of $180,000. The ending balance in the Investment in Pod Company account at December 31, 2010 was $320,000. Calculate the purchase price Pod Company paid for its investment in Jobs, Inc

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