Use the financial statement effects template (with amounts and accounts) to record the following transactions involving investments

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Use the financial statement effects template (with amounts and accounts) to record the following transactions involving investments in marketable securities accounted for using the equity method:

a. Purchased 12,000 common shares of Barth Co. at $\$ 9$ per share; the shares represent $30 \%$ ownership in Barth

b. Received a cash dividend of $\$ 1.25$ per common share from Barth.

c. Barth reported annual net income of $\$ 80,000$.

d. Sold all 12.000 common shares of Barth for $\$ 120.500$.

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Financial Accounting For MBAs

ISBN: 9781934319345

4th Edition

Authors: Peter D. Easton, John J. Wild, Robert F. Halsey, Mary Lea McAnally

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Question Posted: Jun 24, 2024 02:01 AM

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Use the financial statement effects template (with amounts and accounts) to record the following transactions involving investments

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Financial Accounting For MBAs

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