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What Amount Would Appear as Big Guy's Investment in Humble

Question 37

Multiple Choice

What amount would appear as Big Guy's investment in Humble Corp. on its June 30, 2020 consolidated balance sheet?


A) $9,600.
B) $12,000.
C) $360,000.
D) The Investment in Humble Account would not appear on the consolidated balance sheet.

Correct Answer:

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