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On january 1 2012 garr company purchased 30000 shares of

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On January 1, 2012, Garr Company purchased 30,000 shares of the 100,000 common shares outstanding of Agorn Company for $1,500,000. During 2012, Agorn Company reported net income of $500,000 and paid a cash dividend of $200,000. The balance of the Stock Investments account on the books of Garr Company on December 31, 2012,

Reference no: EM13589503

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