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Doug, Incused the Equity Method of Accounting for Its Investment in in Russ

question 93

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Doug, Inc.used the equity method of accounting for its investment in Russ Company.At December 31, 2010, the investment balance was $4, 500 after all adjustments were recorded.The following is additional information:  Doug’s share of Russ’ 2010 net income $2,300 Doug’s share of 2010 depreciation of Russ equipment 100 Doug’s dividends received from Russ in 2010700\begin{array}{ll}\text { Doug's share of Russ' } 2010 \text { net income } & \$ 2,300 \\\text { Doug's share of } 2010 \text { depreciation of Russ equipment } & 100 \\\text { Doug's dividends received from Russ in } 2010 & 700\end{array}
What was the January 1, 2010 balance in Investment in Russ Company?

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