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How much will pepito adjust their investment in reyes

Problem - Pepito Company purchased 40% of the outstanding stock of Reyes Company on January 1, 2010. Reyes reported net income of $75,000 and declared dividends of $20,000 during 2010. How much will Pepito adjust their investment in Reyes Company under the equity method?

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Accounting Basics: How much will pepito adjust their investment in reyes

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Accounting Basics: How much will pepito adjust their investment in reyes

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