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Find fidel investment in rindu ltd account at december

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Question 1: On January 2, 2020, Fidel Corp. purchased 200 of the 1,000 outstanding common shares of Rindu Ltd. for $60,000. During 2020, Rindu declared total cash dividends of $10,000 and reported net income for the year of $40,000. If Fidel uses the cost model to account for its investment in Rindu, Fidel's Investment in Rindu Ltd. account at December 31, 2020 should be

Reference no: EM132503252

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