Business, 23.10.2019 16:00, HaJEReMY5170

Demilo, inc., owns 100 percent of the 40,000 outstanding shares of ricardo, inc. demilo currently carries the investment in ricardo account at $490,000 using the equity method. ricardo issues 10,000 new shares to the public for $15.75 per share. how does this transaction affect the investment in ricardo account that appears on demilo’s financial records?

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Demilo, inc., owns 100 percent of the 40,000 outstanding shares of ricardo, inc. demilo currently ca...