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strayten corp is a wholly owned subsidiary of Quint inc. Quint decided to use the initial value method to account for this investment. During 2009,...

strayten corp is a wholly owned subsidiary of Quint inc. Quint decided to use the initial value method to account for this investment. During 2009, Strayten sold Quint goods which had cost $48000. the selling price was 64000. Quint still had one-fourth of the goods on hand at the end of the year

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