Dublin co. holds a 30 stake in club co. which was purchased, Ask an Expert

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Dublin Co. holds a 30% stake in Club Co. which was purchased in 2011 at a cost of $3,000,000. After applying the equity method, the Investment in Club Co. account has a balance of $3,040,000. At December 31, 2011 the fair value of the investment is $3,120,000. Which of the following values is acceptable for Dublin to use in its balance sheet at December 31, 2011?

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Accounting Basics, Accounting

Category:- Accounting Basics
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