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Business, 06.09.2019 17:30 esid906

Johnson inc. purchases 21% of the voting stock of xyz company. this is sufficient to give johnson significant influence over xyz. if johnson elects to apply fair-value accounting to this investment, then any dividends xyz pays to johnson will be treated as an addition to the investment in xyz account treated as a reduction to goodwill treated as dividend income to johnson treated as a reduction to the investment in xyz acc

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