CHAPTER 1

2008 amortization on first purchase (above) (1,000) 2008 amortization on second purchase (above) (1,200) Equity income—2008 $22,800. Part c. The January 1, 2008 retroactive adjustments to record the Investment in Zach under the equity method would appear as follows: Unrealized holding gain—shareholders’ equity 8,000 ................
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