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Problem 1 Problem 2 Problem 3 *See Below . . . . .

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Answered Same Day Jul 19, 2021

Solution

Yash answered on Jul 23 2021
145 Votes
1.) Schedule explaining the $171,000 balance in pot’s Investment in Sod Account at December 12.
    Particulars
    Amount (in $)
    70% Interest purchased on 02.01.11
    98,000
    Income received from SOD for the period Jan’11- Dec’11
    21,000
    Additional 20% Interest purchased on 30.06.12
    37,000
    Income received from SOD for the period Jan’12- Dec’12
    24,000
    Less: Dividend received
    (9,000)
    Value of Investment as on...
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