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1. Co. A purchased 100 shares of stock at $20 plus fees of $20. Received dividends of $2 per share. Sold the shares for
1. Co. A purchased 100 shares of stock at $20 plus fees of $20. Received dividends of $2 per share. Sold the shares for $30 less fees of $10. Using the cost method journalize the transactions. 2. Using the equity method journalize dividends received of $300 and income earned of $1000 from Co. B.
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Accounting Information Systems basic concepts and current issues
Authors: Robert Hurt
3rd edition
130855849X, 978-1308558493, 78025338, 978-0078025334
