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Re: lesgetrich post# 108908

Monday, 06/07/2021 12:09:26 PM

Monday, June 07, 2021 12:09:26 PM

Post# of 112680
Since BTZI owns 49% of OBTX, it would use the Equity Method for accounting for the investment. That means if OBTX realizes $6,020,000 profit as projected, BTZI would claim 49% of that, or $2,949,800 as income and add that amount to its OBTX asset value.

Les