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Milani, Incorporated, acquired 10% of Seida Corporation on January 1, 2023, for $200,000 and accounted for the investment using the fair-value method. On January 1, 2024, Milani p

Question: When did Milani, Incorporated acquire 10% of Seida Corporation and how did they account for the investment?

Options:
A. January 1, 2023, using the fair-value method
B. January 1, 2024, using the fair-value method
C. January 1, 2023, using the cost method
D. January 1, 2024, using the cost method

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