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Player Corporation purchased 100 petcent or Scout Company's commonstock on 3anuary220x5, and paid 334,000 above...

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Accounting

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Player Corporation purchased 100 petcent or Scout Company's commonstock on 3anuary220x5, and paid 334,000 above book value. The full amount of the additionat payment wos attributed to amortizabie assets weh a life of eight years remaining at January 1 . 205. During 20X5 and 206,5 cout reported ne4 incorme of $36,000 and 58,000 and paid dvidends of 518,000 and 515,000 . tespectively. Player uses the equity method in accounting for its investment in Scout and reperted a balance in its investment accourt of $164,000 en December 31, 20x6. Recuired: Compute the amount poild by Player to purchase Scout shases. Player Corporation purchased 100 petcent or Scout Company's commonstock on 3anuary220x5, and paid 334,000 above book value. The full amount of the additionat payment wos attributed to amortizabie assets weh a life of eight years remaining at January 1 . 205. During 20X5 and 206,5 cout reported ne4 incorme of $36,000 and 58,000 and paid dvidends of 518,000 and 515,000 . tespectively. Player uses the equity method in accounting for its investment in Scout and reperted a balance in its investment accourt of $164,000 en December 31, 20x6. Recuired: Compute the amount poild by Player to purchase Scout shases

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