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Shoyo Corp. owns a subsidiary in a foreign country that has a book value of $5,725,000 and an estimated fair value of $8,700,000. The foreign government has communicated to Shoyo its intention to expropriate the assets and business of all foreign investors. On the basis of settlements other firms have received from this same country, Shoyo expects to receive 40% of the fair value of its properties as final settlement.

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Accounting Basics, Accounting

Category:- Accounting Basics
Reference No.:- M9450566

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