Journal entries to apply the equity method of accounting for investments in securities. Wood Corporation made three

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Journal entries to apply the equity method of accounting for investments in securities. Wood Corporation made three long-term intercorporate investments on January 2. Data relating to these investments for the year appear below.

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Give the journal entries to record the acquisition of these investments and to apply the equity method during the year. The firm neither amortizes any goodwill nor finds it impaired.

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