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On January 1,2009 Athlon company acquired 30% of the common stock of Opteron Corporation, at underlying book value. For the same year, Opteron reported net income of $55,000 which includes an extraordinary gain of $40,000. It did not pay any dividends during the year. By what amount would Athlon's investment in Opteron Corporation increase for the year, if Athlon used the equity method.

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Accounting Basics, Accounting

Category:- Accounting Basics
Reference No.:- M9404268

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