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2. Oregon Co. had purchased 200 shares of Washington Co. for $6,000 (Oregon Co. does not have significant influence). Oregon Co. sold 75 shares
2. Oregon Co. had purchased 200 shares of Washington Co. for $6,000 (Oregon Co. does not have significant influence). Oregon Co. sold 75 shares of Washington Co. stock for $25 each. At year- end, the price per share of the Washington Co. stock had increased to $40. Prepare the journal entries for these transactions and any year-end adjustments. 3.
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Survey of Accounting
Authors: Thomas Edmonds, Christopher, Philip Olds, Frances McNair, Bor
4th edition
77862376, 978-0077862374
