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On January 1, 2016, Toppers Corp

question 72

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On January 1, 2016, Toppers Corp.purchased 25% of the common shares of Great Lakes Corp.for $400,000.During 2016, Great Lakes Corp.reported profits of $60,000 and paid total cash dividends of $12,000.The balance in the Investment in Associates (Great Lakes) account on Toppers' books at December 31, 2016 is


Definitions:

Velocity

The speed of an object in a particular direction.

Stream Profile

A graphical representation describing the gradient or slope of a stream's bed or water surface over its course.

Position

A specific location or point in space.

Point Bar

A series of low, arcuate ridges of sand and gravel deposited on the inside of a stream bend or meander.

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