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amount to be reported as an investment in Dorman stock

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amount to be reported as an investment in Dorman stock On January 1 Jarret Corporation purchased a 35% equity in Dorman Corporation for $220,000. At December 31 Dorman declared and paid a $60,000 cash dividend and reported net income of $200,000. Instructions (a) Journalize the transactions. (b) Determine the amount to be reported as an investment in Dorman stock at December 31. Business Assignment Help, Business Homework help, Business Study Help, Business Course Help

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